HomeMy WebLinkAboutRESOLUTIONS - 01012003 - 2003-184 ` ,71
TO: REDEVELOPMENT AGENCY
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FROM: John Sweeten
Executive Director
DATE: March 25, 2003
SUBJECT: Investment of Monies in the Local Agency Investment Fund
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ADOPT Resolution authorizing the deposit and withdrawal of Redevelopment Agency monies
in the Local Agency Investment Fund, and authorizing officers of the Redevelopment Agency
to order the deposit or withdrawal of monies in the Local Agency Investment Fund.
FISCAL IMPACT
None.
BACKGROUND/REASONS FOR RECOMMENDATIONS
As a.matter of efficiency the Redevelopment Agency periodically invests its funds in the Local Agency
Investment Fund (LAIF). We have been requested by the Treasurers Office that the Agency adopt a
current resolution authorizing the deposit and withdrawal of Agency funds in LAI F, nd authorizing
officers of the Agency to order transactions involving LAIR
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
_1.,RE`COMMENDATION , OF EXECUTIVE DIRECTOR R COMME ATION OF A ENCY
COMMITTEE ,eAPPROVE OTHER
SIGNATOR
ACTIONF ENCY ON Mar& 25, 2003 APPROVED AS RECOMMENDED x OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS ) TRUE AND CORRECT COPY OF AN
A'
(ASSENT—R=_)
Noss ACTION TAKEN AND ENTERED ON THE
Al ABSENT: ABS7AI"° MINUTES OF THE REDEVELOPMENT
DISTRICT III SEAT VACANT AGENCY ON THE DATE SHOWN.
Contact: Redevelopment
335-1255 ATTESTED march 25, 2W3
cc: Community Development JOHN SWEETEN, AGENCY SECRETARY
County Counsel �
CAO B �b�IL�?, EPUTY
Auditor-Controller
Treasurer-Tax Collector
20D3/184
R\Personal\Board Orders and Greenies1130S.RDA.3.25.03.doc.
RESOLUTION OF REDEVELOPMENT AGENCY OF CONTRA COSTA
AGENCY 625 Court Street,Room 102 AGENCY
ADDRESS Martinez,CA 94553 PHONE NUMBER 925-646-4115
AUTHORIZING INVESTMENT OF 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 for the deposit of money of a
local agency for purposes of investment by the State Treasurer;and
WHEREAS,the Board of Directors 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 as in the best interests of the REDEVELOPMENT AGENCY OF
CONTRA COSTA.
NOW THEREFORE,BE IT RESOLVED,that the Board of Directors does hereby authorize the deposit
and withdrawal of RE12EVELQPMENT AGENCY OFCONTRA COSTA 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 stated therein,and verification by the State Treasurer's Office of all banking
information provided in that regard.
BE IT FURTHER RESOLVED,that the following REDEVELOPMENT AGENCY OF CONTRA
COSTofficers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the
Local Agency Investment Fund:
John Sweeten, Executive Director Dennis M. Bary, Assistant .lames KennedyDe ,rY
(NAME) (NAME) Executive Director (NAME)EXecutive Directc
(TITLE) ITLE) Cyt/' (TITLE)
(SIGNATURE) (SIGNATURE) (SIGNA RE)
r
PASSED AND ADOPTED,by the Board of Directors of REDEVEL P T AGENC F
CONTRA COSTA County of Contra Costa,State of California on
I 'HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
AND ENTERED ON THE MINUTES OF THE
REDEVEIAPIqNT AGENCY ON THE DATE SHOWN.
ATTESTED Mara, Z2��
J SWEE! ,
BY �, UTY