Resolution Number SACRA 12-02-07-01SACRA RESOLUTION NO. 12-02-07-01
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY
DELEGATING TO THE CHIEF FINANCIAL OFFICER/CITY TREASURER
AUTHORITY TO DEPOSIT AGENCY FUNDS AND TO INVEST AND
REINVEST AGENCY FUNDS, AND AUTHORIZING SIGNATURES
THEREFOR
WHEREAS, pursuant to AB 1X 26 (Stats. 2011, 1st 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 Chief Financial Officer/City Treasurer 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
Chief Financial Officer/City Treasurer, Cynthia L. Russell.
BE IT FURTHER RESOLVED that the following City 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:
Larry Kramer Mayor, or
John Taylor Mayor pro tem, and
Cynthia L. Russell Chief Financial Officer/City Treasurer, or
Karen P. Brust City Manager, or
Maria Morris City Clerk
2-7-2012
BE IT FURTHER RESOLVED that the signature of the Mayor or
Mayor pro tem may be facsimiles.
PASSED, APPROVED AND ADOPTED this 7th day of February, 2012.
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ATTEST:, J
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STATE OF CALIFORNIA }
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. SACRA 12-02-07-01 was duly adopted by the
City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the
7th day of February 2012, by the following vote:
AYES: OUNCIL MEMBERS: Freese, Reeve, Taylor, Allevato and Mayor Kramer
NOES: OUNCIL MEMBER: None
ABSENT OUNCIL MEMBER: None
MART' , City CI rk
2 2-7-2012
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