SA RES 2019-002 RESOLUTION NO. SA 2019-02
II A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY
AUTHORIZING THE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND OF THE STATE OF CALIFORNIA AND TAKING
CERTAIN ACTIONS IN CONNECTION THEREWITH
RECITALS:
WHEREAS, the Local Agency Investment Fund is established in the State Treasury
under Government Code section 16429.1 et. seq. for the deposit of money of a local agency for
purposes of investment by the State Treasurer; and
WHEREAS, the Board of Directors hereby finds that the deposit and withdrawal of
money in the Local Agency Investment Fund in accordance with Government Code section
16429.1 et. seq. for the purpose of investment as provided therein is in the best interests of the
Successor Agency to the Rancho Palos Verdes Redevelopment Agency.
WHEREAS, In response to a request of the State Treasurer's Office, the Board adopted
Resolution No. 2015-02 on February 3, 2015, authorizing the investment of Successor Agency
moneys in LAIF and authorizing the Executive Director, the Finance Officer, and Deputy
Finance Officer of the Successor Agency, or their successors in such offices, to order the
deposit or withdrawal of moneys in LAIF on behalf of the Successor Agency.
WHEREAS, Pursuant to a request of the State Treasurer's Office, the Board wishes to
adopt this Resolution to supplement Resolution No. 2015-02 on account of there being a
change in the individuals who serve as the Executive Director and the Finance Officer of the
Successor Agency.
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors hereby authorizes
the deposit and withdrawal of Successor Agency to the Rancho Palos Verdes Redevelopment
Agency monies in the Local Agency Investment Fund in the State Treasury in accordance with
Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following Successor Agency to the Rancho Palos Verdes
Redevelopment Agency officers holding the title(s) specified herein or their successors in office
are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund and may execute and deliver any and all documents necessary or advisable in
order to effectuate the purposes of this resolution and the transactions contemplated hereby:
City Manager or Acting/Interim City Manager
Executive Director of the
Successor Agency to the
Rancho Palos Verdes
Redevelopment Agency
Director or Acting/Interim Director of Finance
Finance Officer of the
Successor Agency to the
Rancho Palos Verdes
Redevelopment Agency
Deputy or Acting/Interim Deputy Director of Finance
Deputy Finance Officer of the
Successor Agency to the
Rancho Palos Verdes
Redevelopment Agency
Section 2. Rescind Resolution No. SA 2015-06 and replace it with this Resolution. This
resolution shall remain in full force and effect until rescinded by the Board of Directors by
resolution and a copy of the resolution rescinding this resolution is filed with the State
Treasurer's Office.
Section 3. The officers of the Successor Agency are hereby authorized and directed,jointly
and severally, to do any and all things, to execute and deliver any additional instruments which
they may deem necessary or advisable in order to effectuate the purposes of this Resolution
and any such actions previously taken by such officers are hereby ratified and confirmed.
Section 4. The Secretary of the Successor Agency is hereby authorized and directed to
submit a certified copy of this Resolution and such forms as may be required to the Office of the
State Treasurer to effectuate the purposes of this Resolution.
PASSED APPROVED AND ADOPTED this 6TH DAY OF NOVEMBER 2019.
Chair
ATTEST
`411 -P!ary
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Emily Colborn, Secretary of the Successor Agency to the Rancho Palos Verdes
Redevelopment Agency hereby certify that the above Resolution No. SA 2019-02 was duly and
regularly passed and adopted by the said Successor Age to the Redevelopment Agency at a
regular meeting thereof held on November 6th, 2019.
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111PMCk
)ecretary
Resolution No. SA 2019-02
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