HomeMy WebLinkAbout2022-03 SARDA ResolutionRESOLUTION NO. SARDA 2022-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY AUTHORIZING
INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND RESCINDING RESOLUTION
NO. RDA 04-01
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 of the Successor Agency to the Temecula
Redevelopment Agency (the "Agency") desires to rescind Resolution No. RDA 04-01 which
previously authorized investment of monies in the Local Agency Investment Fund; 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 Agency.
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors hereby rescinds
Resolution No. RDA 04-01 effective February 8, 2022.
BE IT FURTHER RESOLVED, as follows:
Section 1. That the Board of Directors hereby authorizes the deposit and withdrawal of
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.
Section 2. The following Agency officers holding the title(s) specified hereinbelow 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 t nsacM�r
lated
hereby:
Aaron Adams
(Name)
Kevin Hawkins
(Name)
Jennifer Hennessy
(Name)
Executive Director
(Title)
Assistant Executive Director
(Title)
Director of Finance/Treasurer
(Title)
Signature
(Si
Section 3. This resolution shall remain in full force and effect until rescinded by Board of
Directors by resolution and a copy of the resolution rescinding this resolution is filed with the State
Treasurer's Office.
Section 4. The Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Successor
Agency to the Temecula Redevelopment Agency this 8`h day of February, 2022.
[SEAL]
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Matt Rahn, Chair
Pj
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Successor Agency to the Temecula Redevelopment Agency,
do hereby certify that the foregoing Resolution No. SARDA 2022-03 was duly and regularly
adopted by the Board of Directors of the Successor Agency to the Temecula Redevelopment
Agency at a meeting thereof held on the 8th day of February, 2022, by the following vote:
AYES:
5
BOARD MEMBERS:
NOES:
0
BOARD MEMBERS:
ABSTAIN:
0
BOARD MEMBERS:
ABSENT:
0
BOARD MEMBERS:
Alexander, Edwards, Rahn, Schwank,
Stewart
None
None
None
J
Rand] Johl, Secretary
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