Resolution Number CRA 11-12-06-01L
RESOLUTION NO. CRA 11-12-06-01
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 10-12-07-01
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 in accordance with the Community Redevelopment Agency's adopted
investment policy; and,
WHEREAS, prudent supervision of Agency fiscal affairs requires the deposit of
and/or the investment or reinvestment of all Agency monies in accordance with the
Community Redevelopment Agency adopted Investment Policy, 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 accounts 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:
Laura Freese
John Taylor
Cynthia L. Russell
Karen P. Brust
Steve Montano
Maria Morris
Chair, or
Vice Chairman, and
Agency Finance Officer, or
Executive Director, or
Assistant Director of Financial Services, or
Agency Secretary
12-6-2011
BE IT FURTHER RESOLVED that the signature of the Chairman or
Vice -Chairman may be facsimiles.
BE IT FURTHER RESOLVED that Resolution No. CRA 11-12-07-01 is hereby
repealed.
PASSED, APPROVED AND ADOPTED this
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
day of December, 2011.
kGt C 41
_. CHAIR
I, MARIA MORRIS, appointed Agency Secretary of the Community Redevelopment
Agency of the City of San Juan Capistrano, do hereby certify that the foregoing
Resolution No. CRA 11-12-06-01 was duly adopted by the Board of Directors of the
Community Redevelopment Agency at a regular meeting thereof, held the 6th day of
December, 2011 by the following vote:
AYES: DIRECTORS: Allevato, Kramer, Reeve, Taylor and Chair Freese
NOES DIRECTORS: None
Ap� T: t Q!4REj�,TOR None
ORRIS Ag c� ecretary
2 12-6-2011
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