Resolution Number SACRA 12-12-04-01j SACRA RESOLUTION NO. 12-12-04-01
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. 12-02-07-01
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
l 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
Finance Officer, 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
Derek Reeve
Cynthia L. Russell
Karen P. Brust
Maria Morris
Chair, or
Vice -Chair, and
Finance Officer, or
Executive Director, or
Agency Secretary
12-4-2012
BE IT FURTHER RESOLVED that the signature of the Chair or _
Vice -Chair may be facsimiles.
ra
BE IT FURTHER RESOLVED that SACRA Resolution 12-02-07-01 is hereby
repealed.
PASSED, APPROVED AND ADOPTED this 4th of December 2012.
FA
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Wk CHAIR
STATE OF CALIFORNIA )
COUNTY OF ORANGE )as.
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 SACRA Resolution No. 12-12-04-01 was duly
adopted by the Successor Agency of the City of San Juan Capistrano at a Regular
meeting thereof, held the 0 day of December 2012, by the following vote:
BOARD MEMBERS:
Byrnes, Allevato, Taylor, Reeve and Chair Kramer
BOARD MEMBERS:
None
BOARD LAEMBERS:
None
2 12-4-2012