r-14[sa]Successor Agency Meeting: February 26, 2013 Santa Monica, California
RESOLUTION NO. / y (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
1
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 Director of Finance, the Assistant Director of Finance,
the Assistant City Treasurer, the City Manager, 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.
repealed.
SECTION 4. Resolution Number 3 (Successor Agency Series) is hereby
SECTION 5. The City Clerk of the City of Santa Monica 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
I for the Santa Monica
Successor Agency
3
LOCAL AGENCY INVESTMENT FUND (LAIF)
AUTHORIZATION FOR TRANSFER OF FUNDS
DATE AGENCY NAME LAIF ACCOUNT #
2 -26 -13 S/A City of Santa Monica for Santa Monica Redevelopment Agency 65-19 -064
AGENCY'S LAIF RESOLUTION.N OR RESOLUTION DATE 2/26/13
Only the following individuals of this agency whose signatures appear in the table below are
hereby authorized on the LAIF account. This authorization supersedes all prior authorizations on
NAME*
TITLE
SIGNATURE
Gigi Decavalles- Hughes
Treasurer]
David R. Carr
Assistant City Treasurer
Donald Patterson
Assistant Director- Financ
Rod Gould
Chief Administrative Office
Elaine Polachek
Assistant City Manager
�t
* Please attach additional sheets, if necessary.
Gigi Decavalles- Hughes
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 04/12
SIGNATURE
David R. Carr
PRINT NAME
Assistant City Treasurer
TITLE
310.458.8775
TELEPHONE
Adopted and approved this 26th day of February, 2013.
Pam O'Connor, Agency Chair
1, Sarah Gorman, Agency Secretary of the City of Santa Monica, do hereby
certify that the foregoing Resolution No. 14 (SA) was duly adopted at the meeting of the
Santa Monica Redevelopment Successor Agency held on the 26th day of February
2013, by the following vote:
Ayes: Agency members: Davis, Holbrook, McKeown, Vazquez, Winterer
Mayor O'Connor, Mayor Pro Tem O'Day
Noes: Agency members: None
Absent: Agency members: None
ATTEST:
iV Y� E
Sarah Gorman, Agency Secretary