HomeMy Public PortalAbout2021.003 - (1-19-21) RESOLUTION NO. 2021.003
A RESOLUTION OF THE CITY OF LYNWOOD AS SUCCESSOR TO THE
LYNWOOD REDEVELOPMENT AGENCY APPROVING THE
TREASURER'S INVESTMENT POLICY STATEMENT
WHEREAS, the Treasurer is responsible for the Lynwood Successor Agency'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 Successor Agency's cash needs are met.
NOW, THEREFORE, THE BOARD OF THE LYNWOOD SUCCESSOR AGENCY
DOES HEREBY FIND, DETERMINE, ORDER AND RESOLVE AS FOLLOWS:
Section 1. The Lynwood Successor Agency hereby approves the Treasurer's Statement
of Investment Policy attached hereto as Exhibit "A" is hereby approved.
Section 2. The Secretary shall certify to the adoption of this resolution and hereafter
the same shall be in full force and effect.
PASSED, APPROVED and ADOPTED this 19t" day of January 2021.
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ATTEST:
Maria 0 uinonez
Secretary
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APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Noel Tapia Mic elle G. Ramire4
Authority Counsel Executive Director
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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 19th day of January,
2021 and passed by the following vote:
AYES: COUNCIL MEMBERS FLORES, SOLACHE, SOTO, MAYOR PRO TEM
CASANOVA AND MAYOR SANTANA
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
r y
Maria Quinonez, '
City Clerk
die
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. 2021.003 on file in my office and that said resolution was adopted
on the date and by the vote therein stated. Dated this 19th day of January, 2021.
Maria Quinonez,
City Clerk '
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