HomeMy Public PortalAbout2020.005 (03-03-20) RESOLUTION NO. 2020.005
A RESOLUTION OF THE CITY AS SUCCESSOR AGENCY TO THE
LYNWOOD REDEVELOPMENT AGENCY APPROVING THE
TREASURER'S INVESTMENT POLICY STATEMENT
WHEREAS, the Treasurer is responsible for the Lynwood economic development
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 City Council's cash needs are met.
NOW, THEREFORE, the Lynwood City Council 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
[Signatures on the following page]
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PASSED, APPROVED AND ADOPTED at a regular meeting of the Successor
Agency of the City of Lynwood, this 3rd day of March 2020.
0,40:64,44_141?'
Aide Castro, Chair
ATTEST: APPROVED AS TO CONTENT:
/ r
Maria Quinonez, ' Jose Ometeo ,
City Clerk City Manager
APPROVED AS TO FORM:
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 as Successor Agency to the Lynwood Redevelopment
Agency, do hereby certify that the foregoing Resolution was passed and adopted by the
City Council 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 ALATORRE, SANTANA, SOLACHE, MAYOR PRO
TEM CASANOVA, AND MAYOR CASTRO
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
aria 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 as Successor Agency to the Lynwood Redevelopment Agency, true and correct
copy of Resolution No. 2020.005 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.
/ ! / At. . .,zegor
aria Quinonez,
City Clerk
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