HomeMy Public PortalAbout2003.035 LRARESOLUTION NO. 2003.035
~. RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE
CITY OF LYNWOOD APPROVING THE TREASURER'S STATEMENT OF
INVESTMENT POLICY
WHEREAS, the Treasurer is responsible for the Agency's '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 Agency's cash needs are met.
NOW, THEREFORE, the Lynwood Redevelopment Agency do hereby
find, proclaim, order and resolve as follows:
.,~.
Section 1. That the Treasurer's Statement of Investment Policy is hereby
approved.
Section 2. This resolution shall go into effect immediately upon its
adoption
PASSED, APPROVED and ADOPTED this 2nd day of Sept.
G~ ~ ~,
ernando Pedroz ,Chairman
ATTEST:
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SECRETARY
APPROVED AS TO FORM:
STATE OF CALIFORNIA }
} ss.
COUNTY OF LOS ANGELES }
I, the undersigned, City Clerk of the City of Lynwood, 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 2nd day of
September , 2003.
AYES: COUNCILMEN BYRD, REYES, RICHARDS, RODRIGUEZ, PEDROZA
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
c~.t'Z.., ,,~,
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA }
} ss.
COUNTY OF LOS ANGELES }
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correction copy of Resolution No. 2003.035
on file in my office and that
said Resolution was adopted on the date and by the vote therein stated.
Dated this 2nd
day of September 2003.
9
Andrea L. Hooper, City Clerk