Resolution Number CRA 07-12-04-01RESOLUTION NO. CRA 07-12-04-01
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 06-12-05-01
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:
Mark Nielsen Chairman, Or
Thomas Hribar Vice Chairman, and
Cynthia L. Russell
David Adams
Margaret R. Monahan
Agency Finance Officer, or
Agency Deputy Finance Officer, or
Agency Secretary
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12-04-2007
BE IT FURTHER RESOLVED that the signature of the Chairman or Vice
Chairman may be facsimiles.
BE IT FURTHER RESOLVED that Resolution No. CRA 06-12-05-01 is hereby
repealed.
PASSED, APPROVED AND ADOPTED this 4th day of December 2007
XHARMAN:
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, 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 07-12-04-01 was duly adopted by the Board of
Directors of the Community Redevelopment Agency at a regular meeting thereof, held
the 4th day of December 2007 by the following vote:
AYES: DIRECTORS: Soto, Hribar, Uso, Allevato and Chairman Nielsen
NO DIRECTORS: None
AB E DIRECTORS: None
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