Resolution Number SACRA 12-02-07-02SACRA RESOLUTION NO.12-02-07-02
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY,
AUTHORIZING THE INVESTMENT OF SUCCESSOR AGENCY
MONIES IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 16429.1
was added to the California Government Code to create a Local Agency Investment Fund
in the State Treasury forthe deposit of money of a local agency for purposes of investment
by the State Treasurer; and,
WHEREAS, the Successor Agency of the San Juan Capistrano Community
Redevelopment Agency does hereby find that the deposit and withdrawal of money in the
Local Agency Investment Fund in accordance the with provisions of Section 16429.1 of the
Government Code for the purpose of investment as stated therein as in the best interests
of the SuccessorAgency of the San Juan Capistrano Community Redevelopment Agency.
NOW, THEREFORE, BE IT RESOLVED, that the City Council as legislative body
of the SuccessorAgency of the San Juan Capistrano Community Redevelopment Agency
does hereby authorize the deposit and withdrawal of former San Juan Capistrano
Community Redevelopment monies in the Local Agency Investment Fund in the State
Treasury in accordance with the provisions of Section 16429.1 of the Government Code for
the purpose of investment as state therein, and verification by the State Treasurer's Office
of all banking information provided in that regard.
BE IT FURTHER RESOLVED that the following SuccessorAgency of the San Juan
Capistrano Community Redevelopment Agency officers or their successors in office shall
be authorized to order the deposit or withdrawal of monies in the Local Agency Investment
Fund:
Cynthia L. Russell Chief Financial Officer/City Treasurer, or
Karen P. Brust Deputy City Treasurer/City Manager, or
Maria Morris City Clerk
AND ADOPTED this 7'b February, 20 2
ALAR Y KRAMER, MAYOR
ATTEST:
SE 1 2-7-2012
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 12-02-07-02 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:
AY S: OUNCIL MEMBERS: Freese, Reeve, Taylor, Allevato and Mayor Kramer
NOES COUNCIL MEMBER: None
ABS 1 COUNCIL MEMBER: None
OI Ws' City C
2-7-2012
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