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REDEVELOPMENT SUCCESSOR AGENCY MEETING MINUTES
FEBRUARY 26, 2013
A special meeting of the Santa Monica Redevelopment Successor Agency was called to order by
Chair O'Connor at 7:36 p.m., on Tuesday, February 26, 2013, at City Council Chambers, 1685
Main Street.
Roll Call: Present: Chair Pam O'Connor
Chair Pro Tem Terry O'Day
Agency Member Gleam Davis
Agency Member Robert T. Holbrook
Agency Member Kevin McKeown
Agency Member Tony Vazquez
Agency Member Ted Winterer
Also Present: Executive Director Rod Gould
Agency Attorney Marsha Jones Moutrie
Agency Secretary Sarah P. Gorman
CONVENE On order of the Chair, the Redevelopment Successor Agency convened to
a special joint meeting with the City Council at 7:36 p.m., with all
members present.
CONSENT CALENDAR: Members of the public Joy Fulmer, Jeff Segal, Michael Joney, Denise
Barton and Jerry Rubin commented on various Consent Calendar items.
CITY INVESTMENT 3 -L: Annual Update on City Investment Policy —recommendation
POLICY that City Council: approve a revised City Investment Policy; approve
divestment of all City investments from fossil fuel companies as defined
by 350.org guidelines; extend the delegation of investment authority to
the Director of Finance, as City Treasurer, from March 1, 2013 through
February 28, 2014; adopt Resolution Nos. 10734 (CCS) entitled: "A
Resolution Of The City Council Of The City Of Santa Monica
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" and 10735
(CCS) entitled: "A Resolution Of The City Council Of The City Of Santa
Monica Establishing Investment Instructions For The Cemetery And
February 26, 2013
ADJOURNMENT:
Mausoleum Perpetual Care Funds;" and recommendation that the
Successor Agency Governing Board: review and approve the City's
Investment Policy for Successor Agency Investments; approve
divestment of all Successor Agency investments from fossil fuel
companies as defined by 350.org guidelines; extend investment authority
to the Treasurer of the Successor Agency, from March 1, 2013 through
February 28, 2014; and adopt Resolution No. 14 (SA) entitled: "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," was presented.
Motion by Agency /Councilmember Davis, seconded by
Agency /Councilmember Holbrook, to approve the Consent Calendar,
reading resolutions by title only and waiving further reading thereof.
The motion was approved by the following vote:
AYES: Agency /Councilmembers McKeown, Winterer, Holbrook,
Davis, Vazquez, Chair /Mayor Pro Tempore O'Day,
Chair /Mayor O'Connor
NOES: None
HA SWOR►om-
On order of the Chair, the Redevelopment Successor Agency meeting
was adjourned at 7:59 p.m.
AF, EST:
Sarah P. Gorman
Agency Secretary
BU yT
Pam O'Connor
Chair
February 26, 2013