HomeMy Public PortalAbout99.017 LRARESOLUTION NO. 99.17
A RESOLiTTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY
OF LYNWOOD APPROVING THE TREASURER'S STATEMENT OF INVESTMENT
POLICY
WHEREAS, the Lynwood City Treasurer is responsible for the City'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 City 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 City's cash needs are met.
NOW, THEREFORE, the Agency does hereby find, proclaim, order and resolve as
follows:
Section 1. That the City 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 6th day of April , 1999.
APPROVED AS TO FORM:
~CITI' ATTORNEY/
ATTEST:
s ~
ANDREA L. HOOPER
Secretary
APPROVED ALS TO
IRIS PYGAT7
City Treasurer
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned Secretary of the Lynwood Redevelopment Agency (LRA) do
hereby certify that the above and foregoing resolution was duly adopted by the said
Agency at a regular meeting thereof held in the City Hall of the City of Lynwood on the
6th -day of _April , 19, 99 __ ,and passed by_the following-vote:- -------- ---
AYES: COUNCILMAN BYRD, REA, RICHARDS, SANCHEZ
NOES: COUNCILMAN REYES
ABSENT: NONE
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above and foregoing is a full, true and correct copy of Resolution No. LRA
99.77 on file in my office and that said resolution was adopted on the date and by
the vote therein stated.
DATED this 6th day of ~'1 , 199 9
~~ ~~~~~
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY