Resolution Number SACRA 15-12-01-01 SACRA RESOLUTION NO. 15-12-01-01
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY
DELEGATING TO THE FINANCE OFFICER AUTHORITY TO DEPOSIT
AGENCY FUNDS AND TO INVEST AND REINVEST AGENCY FUNDS,
AND AUTHORIZING SIGNATURES AND REPEALING SACRA
RESOLUTION NO. 15-08-18-01
WHEREAS, pursuant to AB 1X 26 (Stats. 2011, 1 S` Ex. Sess. 2011-2012,
Chpt. 5) and City Council Resolution 12-01-10-01 the City of San Juan Capistrano
became the Successor Agency of the San Juan Capistrano Community Redevelopment
Agency; and
WHEREAS, the provisions of Article 2 (commencing with Section 53630) of
Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code authorizes the
Agency to invest and reinvest available funds in certain designated securities as listed
in the provisions of that Code and in accordance with the City'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
City's adopted Investment Policy, and that the Finance Officer is hereby authorized to
establish such accounts.
NOW, THEREFORE, BE IT RESOLVED that the City Council as legislative body
of the Successor Agency of the San Juan Capistrano Community Redevelopment
Agency does hereby delegate the authority on the above-referenced items to the
Finance Officer, Cynthia L. Russell.
BE IT FURTHER RESOLVED that the following Successor Agency Officers are
hereby authorized to draw checks on said deposit accounts of the Successor Agency of
the San Juan Capistrano Community Redevelopment Agency, and that such
authorizations are duly certified by the City Clerk and on file at depositories.
Depositories are hereby authorized to honor and pay any and all checks so signed:
Kerry K. Ferguson Chair, or
John M. Perry Vice-Chair, and
Cynthia L. Russell Finance Officer, or
Keith Till Interim Executive Director, or
Maria Morris Agency Secretary
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BE IT FURTHER RESOLVED that the signature of the Chair or
Vice-Chair may be facsimiles.
BE IT FURTHER RESOLVED that SACRA Resolution 15-08-18-01 is hereby
repealed.
PASSED, APPROVED AND ADOPTED this 1" day of December 2015.
W"')
R I G 5 , CHAIR
ATTEST: R
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ARIA MORRIS, Y SECRETARY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed Agency Secretary of the Board of Directors of the
Successor Agency to the San Juan Capistrano Community Redevelopment Agency, do
hereby certify that the foregoing Resolution No. SACRA 15-12-0-01 was duly adopted
by the City Council of the City of San Juan Capistrano at a Regular meeting thereof,
held the 1' day of December 2015, by the following vote:
AYES: BOARD MEMBERS: Allevato, Patterson, Reeve Perry and Chair Ferguson
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMB : None
E
RIA MORRIS, A cy S cretary
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