RSA-3Successor Agency Meeting: February 28, 2012 Santa Monica, California
RESOLUTION NO. 3 (SA)
A RESOLUTION OF THE SANTA MONICA REDEVELOPMENT SUCCESSOR
AGENCY AUTHORIZING THE ESTABLISHMENT AND
USE OF BANK AND BROKERAGE ACCOUNTS AND UPDATING
THE LIST OF PERSONS AUTHORIZED TO CONDUCT
TRANSACTIONS WITH THE STATE LOCAL AGENCY
INVESTMENT FUND FOR LAIF ACCOUNT NUMBER 6519064
WHEREAS, Section 16429.1 of the California Government Code
( "Section 16429.1 ") authorizes the creation of a Local Agency Investment Fund ( "LAIF ")
in the State Treasury for the deposit of monies by local agencies for purposes of
investment by the State Treasurer; and
WHEREAS, by enactment of Part 1.85 of the California Health and Safety
Code (`Part 1.85 "), the Redevelopment Agency of the City of Santa Monica ( "the
Agency ") was dissolved as of February 1, 2012; and
WHEREAS, in accordance with Part 1.85, the City of Santa Monica has
declared and named itself as the Santa Monica Redevelopment Successor Agency
( "Successor Agency') upon dissolution of the Agency; and
WHEREAS, the Successor Agency is a local agency within the meaning of
Section 16429.1; and
WHEREAS, the Governing Board of the Successor Agency desires to
authorize the deposit and withdrawal of Successor Agency monies in the LAIF in
I
accordance with the provisions of Section 16429.1 for the purpose of investment as
stated therein, and verification by the State Treasurer's Office of all banking information
provided in that regard; and
WHEREAS, the State Treasurer requires the Governing Board of the
Successor Agency to designate appropriate persons authorized to conduct LAIF
transactions on behalf of the Successor Agency; and
WHEREAS, the Successor Agency desires to conduct transactions with
LAIF using the former Agency account.
NOW, THEREFORE, THE GOVERNING BOARD OF THE SANTA
MONICA REDEVELOPMENT SUCCESSOR AGENCY DOES RESOLVE AS
FOLLOWS:
SECTION 1. The Governing Board of the Successor Agency hereby
authorizes the deposit and withdrawal of Successor Agency monies in the LAIF account
of the former Agency in accordance with the provisions of Section 16429.1 for the
purpose of investment as stated therein, and verification by the State Treasurer's Office
of all banking information provided in that regard.
SECTION 2. The Treasurer, the Assistant Director of Finance, the
Treasury Administrator, the Chief Administrative Officer, and the Assistant City Manager
of the City of Santa Monica are authorized to make investment transactions on behalf of
the Successor Agency. Attachment A to this resolution lists the current persons
authorized to make investment transactions on behalf of the Successor Agency.
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SECTION 3. Any provision of any resolution inconsistent with the
provisions of this resolution, to the extent of such inconsistencies and no further, are
hereby repealed or modified to the extent necessary to affect the provisions of this
resolution.
SECTION 4. The Secretary of the Successor Agency 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
t
Ma sh J s Mout i
Ge ral nsel for the Santa Monica
Redevelopment Successor Agency
3
DATE
February 28, 2012
AGENCY'S LAIF RESOLUTION
LOCAL AGENCY INVESTMENT FUND (LAIF)
AUTHORIZATION FOR TRANSFER OF FUNDS
UWA061O _u
Santa Monica Redevelopment Successor Agency
OR RESOLUTION DATE 2/28/12
LAIF ACCOUNT #
6519064
I /we hereby designate the officers of this agency whose signatures appear below to be
authorized on the LAIF account. This authorization supersedes all prior authorizations on file
with LAIF.
NAME*
TITLE
E.9[H�le \171:7x;
Gigi Decavalles- Hughes
Treasurer
"W
Patterson
Assistant Director - Finance
—W
��-
David R. Carr
Treasury Administrator
Rod Gould
Chief Administrative Officer
Elaine Polachek
Assistant City Manager
*Please attach additional sheets, if necessary.
Giai Decavalles - Huahes
PRINT NAME
Treasurer
TITLE
310 - 458 -8281
TELEPHONE
Mail completed form to:
State Treasurer's Office
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209 -0001
Revised 01/12
SIGNATURE
PRINT NAME
TITLE
TELEPHONE
Adopted and approved this 28th day of February, 2012.
Richard Bloom, Chair
I, Denise Anderson - Warren, Assistant City Clerk of the City of Santa Monica, do
hereby certify that the foregoing Resolution No. 3 (SAS)vas duly adopted at the meeting
of the Santa Monica Redevelopment Successor Agency held on the 28th day of
February 2012, by the following vote
Ayes: Agency members: Holbrook, McKeown O'Connor, O'Day, Shriver,
Chair Bloom, Chair Pro Tern Davis
Noes: Agency members: None
Absent: Agency members: None
Abstain: Agency members: None
ATTEST:
Denise Anderson - Warren,
Agency Secretary