RDA RES 2007-007 RESOLUTION NO. RDA 2007-07
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR AND AGENCY TREASURER
TO CONDUCT FINANCIAL TRANSACTIONS WITH VARIOUS FINANCIAL
INSTITUTIONS AND DESIGNATING THE DIRECTOR OF FINANCE AND
INFORMATION TECHNOLOGY AS THE AGENCY TREASURER.
WHEREAS, the Rancho Palos Verdes Redevelopment Agency ("Agency") has money
in its treasury not required for immediate needs; and
WHEREAS, it is in the best interest of the Agency to place said money in approved
investments; and
WHEREAS, the Agency retains several accounts at various financial institutions for
investment purposes; and
WHEREAS, financial institutions often require that the Agency designate by resolution
representatives to conduct financial transactions on its behalf.
NOW, THEREFORE, BE IT RESOLVED, THAT THE BOARD OF THE RANCHO
PALOS VERDES REDEVELOPMENT AGENCY HEREBY FINDS, RESOLVES AND
ORDERS:
Section 1. Agency Treasurer. The Director of Finance and Information Technology
is hereby designated as the Agency Treasurer.
Section 2. Authorized Investors. Executive Director Carolyn Lehr and Agency
Treasurer Dennis McLean each are authorized to deposit and invest the Agency's funds
in accordance with principles of sound treasury management, the provisions of
Government Code Section 53600 et seq., and the Agency's Inv= ent Polic
PASSED, APPROVED, AND ADOPTED THE 7th DAY • ' d .T 2007.fil
Agency Chair
ATTEST:
(elitiot --72/Altitt--ea.--eA—_
Agency Secretary
State of Caiifornis )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, Agency Secretary of the Rancho Palos Verdes Redevelopment
Agency, hereby certify that the above Resolution No. RDA 2007-07 was duty and
regularly passed and adopted by the said Redevelopment Agenc at regular meeting
thereof held on August 7, 2007.
(74,,,k 2, ,i, ,
Agency Secretary