R-519Council Meeting: February 23, 2010 Santa Monica, California
RESOLUTION NO. 519 ((RAS))
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA UPDATING
THE LIST OF PERSONS AUTHORIZED TO CONDUCT
TRANSACTIONS WITH THE STATE LOCAL AGENCY
INVESTMENT FUND
WHEREAS, Resolution Number 515 (RAS), adopted February 24, 2009.
authorized the Redevelopment Agency of the City of Santa Monica (Agency) to conduct
transactions with the State Local Agency Investment Fund (LAIF); and
WHEREAS, the State Local Agency Investment Fund (LAIF) requires that
the Agency designate appropriate persons authorized to conduct transactions on behalf
of the Agency with LAIF; and
WHEREAS, certain staffing changes have made it necessary to update
the designees authorized to conduct transactions with LAIF,
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY
OF SANTA MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. That the Agency Treasurer, Assistant Director of Finance,
Principal Investmeht Analyst, Agency Executive Director, Deputy City Manager and the
Assistant City Manager are authorized to make investment transactions with LAIF.
Attachment A to this Yesolution lists the current RDA/City employees authorized to make
investment transactions with LAIF.
SECTION 2. Any provision of any Resolution inconsistent with .the
provisions of the Resolution, to.the extent of such inconsistencies and no further, are
hereby repealed or modified to the extent necessary to affect the provisions of the
resolution:
SECTION 3. The Agency Secretary shall certify to the adoption of this
Resolution, and thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM
,~/ ~ ~~-~
Mar ha Jo Moutrie
Attorney fo~the Redevelopment Agency
ATTACHMENT A
Redevelopment Agency of the City of Santa Monica employees authorized to deposit
and withdraw funds in the Local Agency Investment Fund in the State Treasury on
behalf of the Agency:
Name Position Signature
Carol Swindell
Agency Treasurer ~ ,
~~Q'~/~
Chuck McBride Assistant Director of Finance
David R. Carr Principal Investment Analyst.
Rod Gould Agency Executive Director
Elaine Polachek Deputy City Manager
Jenriifer Phillips Assistant City Manager
Adopted and approved this 23'd day of February, 2010.
-~~
Pam O'Connor, Chair Pro Tem
I hereby certify that the foregoing Resolution No. 519 (RAS) was duly adopted at
a joint meeting of the Santa Monica City Council and the Redevelopment Agency held
on the 9th day of February, 2010, by the following vote:
Ayes: Agency members: Bloom, Davis, Holbrook, McKeown
Chair Pro Tem O'Connor
Noes: Agency members: None
Abstain: Agency members: Shriver
Absent: Agency members: None
ATTEST:
~~
i 9 l -~r~i
Maria M. Stewart, Agency