HomeMy WebLinkAbout12-72 - Adopting the 2012-2013 Statement of Investment Policy, and designate the Finance Director to act as Agency TreasurerSUCCESSOR AGENCY RESOLUTION NO. 12-72
A RESOLUTION OF THE SUCCESSOR AGENCY TO
THE COSTA MESA REDEVELOPMENT AGENCY,
COSTA MESA, CALIFORNIA, ADOPTING THE 2012-13
STATEMENT OF INVESTMENT POLICY, AND
DESIGNATE THE FINANCE DIRECTOR TO -ACT AS, _
AGENCY TREASURER TO INVEST AND REINVEST---
IDLE MONEYS OF THE SUCCESSOR AGENCY TO THE,_--__.-
COSTA MESA REDEVELOPMENT AGENCY IN:-
ACCORDANCE
N=-ACCORDANCE WITH THE ADOPTED 2012 -13 -
STATEMENT OF INVESTMENT POLICY.
THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT
AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, in accordance with Section 53607 of the Government Code of the
State of California, the Treasurer is hereby authorized (a) to invest such portion of any
sinking fund of, or idle money in, the Treasury, not required for the immediate necessities
of the Agency as is deemed wise or expedient, in securities in which this Agency is
authorized to invest such sums by the provisions of the State Government Code Section
53601 and Section 53635, limited by the Agency's Investment Policy; and (b) to sell, or
exchange for other eligible securities, and reinvest the proceeds of the securities
purchased. The Treasurer shall make a monthly report of such transactions to this
Agency.
NOW, THEREFORE, BE IT RESOLVED that the Successor Agency to the
Costa Mesa Redevelopment Agency has adopted the 2012-13 Statement of Investment
Policy as set forth in the attached document. The Executive Director shall certify to the
passage and adoption of this resolution, and it shall thereupon be in full force and effect.
PASSED AND ADOPTED this 20th day of November, 2012.
Eric R. Bever, Chair,
Successor Agency to the Costa Mesa
Redevelopment Agency
ATTEST:
brmda_
Brenda Green, I erim City Clerk/
Secretary, Successor Agency to the
Costa Mesa. Redevelopment Agency
APPROVED AS TO FORM:
S�
homas Duarte, City Attorney
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF COSTA MESA )
ss
I, BRENDA GREEN, Interim City Clerk of the City of Costa Mesa, DO HEREBY
CERTIFY that the above and foregoing is the original of Resolution No. 12-72 and was
duly passed and adopted by the Successor Agency to the Costa Mesa Redevelopment
Agency at a regular meeting held on the 20th day of November, 2012, by the following
roll call vote, to wit:
AYES: AGENCY MEMBERS:
NOES: AGENCY MEMBERS:
ABSENT: AGENCY MEMBERS:
ABSTAIN: AGENCY MEMBERS:
BEVER, LEECE, MENSINGER,
MONAHAN, RIGHEIMER
NONE
NONE
NONE
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the City of
Costa Mesa this 21ST day of November, 2012.
BRENDA GREEN
INTERIM CITY-CLERK/SECRETARY