HomeMy Public PortalAbout2020.001 (03-03-20) RESOLUTION NO. 2020.001
A RESOLUTION OF THE LYNWOOD PUBLIC FINANCE AUTHORITY OF
THE CITY OF LYNWOOD APPROVING THE TREASURER'S
STATEMENT OF INVESTMENT POLICY
WHEREAS, the Treasurer is responsible for the Lynwood Public Finance
Authority's cash flow whereby funds are transferred from various accounts to meet
operating obligations; and
WHEREAS, the Treasurer is also responsible for the investment of idle cash; and
WHEREAS, the Treasurer has prepared guidelines for a prudent investment
policy; and
WHEREAS, the policy contains certain investment criteria; and
WHEREAS, the basic premise of the policy is to ensure the safety of funds and
assure that the Lynwood Public Finance Authority's cash needs are met.
NOW, THEREFORE, the Lynwood Public Finance Authority does hereby find,
proclaim, order and resolve as follows:
Section 1. That the Treasurer's Statement of Investment Policy attached hereto
as Exhibit "A" is hereby approved.
Section 2. This resolution shall go into effect immediately upon its adoption
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Lynwood
Public Financing Authority of the City of Lynwood, California, this 3rd day of March,
2020.
Cjt:elat.;
Aide Castro, President
[Additional Signatures on the following page]
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ATTEST: APPROVED AS TO CONTENT:
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M-ria Quinonez, ' Jose eteotl,
City Clerk Chief Administrative Officer
APPROVED AS TO FORM:
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Noel Tapia,
City Attorney
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STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the: City of Lynwood, the undersigned, as
Secretary of the City of Lynwood Public Financing Authority, do hereby certify that the
foregoing Resolution was passed and adopted by the Lynwood Public Financing Authority
of the City of Lynwood at a regular meeting held on the 3rd day of March, 2020 and
passed by the following vote:
AYES: COUNCIL MEMBERS SANTANA, SOLACHE, MAYOR PRO TEM
CASANOVA, AND MAYOR CASTRO
NOES: NONE
ABSTAIN: NONE
ABSENT: COUNCIL MEMBER ALATORRE
Maria Quinonez,
City Clerk
STATE OF CALIFORNIA )
) §
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, as Secretary of the City of
Lynwood Public Financing Authority, true and correct copy of Resolution No. 2020.001
on file in my office and that said resolution was adopted on the date and by the vote
therein stated. Dated this 3rd day of March, 2020.
(711:/"aria Quinonez,
City Clerk
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