Resolution Number CRA 03-12-02-01RESOLUTION NO. CRA 03-12-02-01
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY DELEGATING TO THE AGENCY
FINANCE OFFICER AUTHORITY TO DEPOSIT AGENCY FUNDS AND
TO INVEST AND REINVEST AGENCY FUNDS, AUTHORIZING
SIGNATURES, AND REPEALING RESOLUTION NO. CRA 03-08-05-01
WHEREAS, Article 1, Chapter 6, Division 1, of the California Health and Safety
Code authorizes the San Juan Capistrano Community Redevelopment Agency to invest
and reinvest available funds in certain designated securities as listed in Section 33603
of that Code; and,
WHEREAS, prudent supervision of Agency fiscal affairs requires the deposit of
and/or the investment or reinvestment of all Agency monies in state or national banks or
state or federal savings and loan associations, and that the Agency Finance Officer is
hereby authorized to establish such accounts.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the San
Juan Capistrano Community Redevelopment Agency does hereby delegate the
authority on the above -referenced items to the Agency Finance Officer, Cynthia L.
Russell.
BE IT FURTHER RESOLVED that the following Agency Officers are hereby
authorized to draw checks on said deposit account of the San Juan Capistrano
Community Redevelopment Agency, and that such authorizations are duly certified by
the Agency Secretary and on file at depositories. Depositories are hereby authorized to
honor and pay any and all checks so signed:
John S. Gelff
Diane Bathgate
Cynthia L. Russell
David Adams
Margaret R. Monahan
Chairman, or
Vice Chairman, and
Agency Finance Officer,
Agency Deputy Finance Officer, or
Agency Secretary
BE IT FURTHER RESOLVED that the signature of the Chairman or Vice
Chairman may be facsimiles,
1 12-02-2003
BE IT FURTHER RESOLVED that Resolution No. CRA 03-08-05-01 is hereby
repealed.
PASSED, APPROVED AND ADOPTED this 2 nd day of December 20
C
ATTAST:
4
MargAlret k. Monahan, Agency S
ST-A�i E OF CALIFORNIA
COUNTY OF ORANGE )ss.
CITY OF SAN JUAN CAPISTRANO
1, MARGARET R. MONAHAN, appointed Agency Secretary of the Community
Redevelopment Agency of the City of San Juan Capistrano, do hereby certify that the
foregoing Resolution No. CRA 03-12-02-01 was duly adopted by the Board of
Directors of the Community Redevelopment Agency at a regular meeting thereof, held
the 2 nd day of December 2003, by the following vote:
AYES: DIRECTORS: Soto, Hart, Swerdlin, Bathgate and Chairman Gelff
NOES DIRECTORS: None
ABSENT: DIRECTORS:
2�7AINIJ114(2-
None
R. MONAHAN, Agency Secretary
12-02-2003