CRA - 100RESOLUTION NO. CRA-100
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY, AUTHORIZING
INVESTMENT OF MONIES IN THE STATE OF CALIFORNIA'S LOCAL AGENCY
INVESTMENT FUND.
WHEREAS, the Cypress Redevelopment Agency, located at 5275 Orange
Avenue, Cypress CA 90630, phone number (714) 229-6700 is desirous of investing
monies in the State of California's Local Agency Investment Fund; and
WHEREAS, pursuant to Chapter 730 of the statues 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 Agency Board 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 Cypress Redevelopment Agency.
NOW, THEREFORE BE IT RESOLVED, that the Agency Board does hereby
authorize the deposit and withdrawal of Cypress Redevelopment Agency 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 Cypress Redevelopment
officers or their successors in office shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
Mr. Richard M. Storey
Director of Finance and
Administrative Services
(SIGNATURE)
Mr. Matthew J. Burton
Finance Manager
(SlGNATURE~'
PASSED AND ADOPTED by the Board of the Cypress Redevelopment Agency,
County of Orange, State of California on November 13, 2001.
CHAIRMAN, AGENCY BOARD
ATTEST:
~/~CRETARY OF '~LIE AGENCY BOARD
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
I, JILL R. INGRAM-GUERTIN, Agency Secretary of the Cypress Redevelopment
Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted by said
Redevelopment Agency Board at a regular meeting held on the 13th day of November,
2001, by the following roll call vote:
AYES: 5
NOES: 0
ABSENT: 0
AGENCY MEMBERS: Keenan, McCoy, Piercy, Sondhi and McGill
AGENCY MEMBERS: None
AGENCY MEMBERS: None
S~:;F~ETARY OF =I'I¢_JE ~,GENCY~I~OARD