HomeMy WebLinkAboutSuccessor Agency - 2012-04 RESOLUTION NO. 2012-04
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF HUNTINGTON BEACH AUTHORIZING INVESTMENT
OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the State of California statutes of 1976, Section
16429.1 was added to the California Government Code to create a Local Agency Investment Fund
in the State Treasury for the deposit of money of a local agency for purposes of investment by the
State Treasurer; and
The Successor Agency to the Redevelopment Agency of the City of Huntington Beach,
hereinafter referred to as the "Successor Agency," does hereby find that the deposit and withdrawal
of money in the Local Agency Investment Fund in accordance with the provisions of Section
16429.1 of the Government Code for the purpose of investment as stated therein, is in the best
interests of the City.
NOW, THEREFORE,the Successor Agency does hereby resolve as follows:
That the Successor Agency does hereby authorize the deposit and withdrawal of City monies
in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of
Government Code Section 16429.1 for the purposes of investment as stated therein, and verification
by the State Treasurer's Office of all banking information provided in that regard.
IT IS FURTHER RESOLVED that the Successor Agency Treasurer (Alisa Cutchen) or her
successor in office is hereby authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund.
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the
City of Huntington Beach at a special meeting thereof held on the 17th day of
September , 20 12 .
Chair
REV IE D APPROVED: IN1TI TE AND ROV
Exe tie Ifirector Agency Treasurer
APPROVED AS TO FORM:
A nc4GJneraI Counsel
82902.doc
Successor Agency
Res. No. 2012-04
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN the Clerk of the Successor Agency to the Former
City of Huntington Beach Redevelopment Agency, Huntington Beach, California,
DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Successor Agency to the Former City of Huntington Beach Redevelopment
Agency at a meeting held on September 17, 2012 and that is was so adopted by
the following vote:
AYES: Shaw, Harper, Dwyer, Hansen, Carchio, Bohr, Boardman
NOES: None
ABSENT: None
ABSTAIN: None
CIJK of the Successor A ency to
the Former City of Huntington
Beach Redevelopment Agency,
Huntington Beach, California