HomeMy Public PortalAbout95.025 LRARESOLUTION NO. 95-25
A 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 cash flow whereby
funds are transferred from various accounts to meet operating obligations; and
and
WHEREAS, the Treasurer is also responsible for the investment of idle cash;
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 Agency Chairman and Board Members 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 15th day of
August 1995.
C'
LOUIS BYRD, CHAIRMAN
ATTEST:
~~'
ANDREA L. HOOPER
Secretary
APPROVED AS TO FORM:
Agency Counsel
APPROVED AS TO CONTENT:
Faustin Gonzales
Executive Director
~~~~
IRIS PYGA
Treasurer
~~
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood
Redevelopment Agency, 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 15th day of Au ust
g 19 95 and
passed by the following vote:
AYES: MEMBER HEINE, HENNING, REA, RICHARDS, BYRD
NOES : NONE
ABSENT : NONE
a
.,....ic~.~r]r ~ --
Lynwood Redevelopment Agency
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ~ SS.
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.
L~-.~5~7~_ on file in my office and that said resolution was
adopted on the date and by the vote therein stated.
DATED this 15th day of August
19 95
Secretary '~~
Lynwood Redevelopment Agency