HomeMy WebLinkAboutSA Res SA12-14 2012-09-24 RESOLUTION NUMBER SA12-14
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE SEAL BEACH
REDEVELOPMENT AGENCY AMENDING RESOLUTION
NUMBER SA 12-02 REGARDING THE INVESTMENT OF
MONEYS IN THE LOCAL AGENCY INVESTMENT FUND OF THE
STATE OF CALIFORNIA TO DESIGNATE VICTORIA L.
BEATLEY AS A PERSON AUTHORIZED TO ORDER THE
DEPOSIT OR WITHDRAWAL OF MONIES
RECITALS:
A. Pursuant to Chapter 730 of the statutes of 1976, Section 16429.1
was added to the California Government Code to create the Local Agency
Investment Fund ("LAIF") in the State Treasury for the deposit of moneys of local
agencies for investment by the State Treasurer.
B. The Seal Beach Redevelopment Agency from time to time invested
its money in LAIF in accordance with the provisions of Section 16429.1 of the
California Government Code.
C. Pursuant to Part 1.85, all assets and properties of the Seal Beach
Redevelopment Agency were transferred to the control of the Successor Agency
as of February 1, 2012.
D. In response to a request of the State Treasurer's Office, the Board
adopted Resolution Number SA12-02 authorizing the investment of Successor
Agency moneys in LAIF and authorizing Executive Director Jill R. Ingram and
Interim Director of Finance Shally Lin of the Successor Agency to order the
deposit or withdrawal of moneys in LAW on behalf of the Successor Agency.
E. Interim Director of Finance Shally Lin has been replaced by
Director of Finance Victoria L. Beatley, and the Board desires to substitute Ms.
Beatley for Ms. Lin as a person authorized to order the deposit or withdrawal of
moneys in LAIF on behalf of the Successor Agency.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY HEREBY
FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part
of this Resolution.
Section 2. Executive Director Jill R. Ingram and Director of Finance Victoria L.
Beatley of the Successor Agency, whose signature specimens are set forth in
Exhibit A to this Resolution, or their successors in such offices, are hereby
authorized to order the deposit or withdrawal of monies in LAIF on behalf of the
Successor Agency for any account of the Successor Agency (including accounts
formerly maintained by the Redevelopment Agency which are now accounts of
the Successor Agency).
Section 3. Shally Lin is hereby removed from the list of persons authorized to
order the deposit or withdrawal of moneys in LAIF on behalf of the Successor
Agency.
Section 4. Except as otherwise amended herein, Resolution Number SA12-02
shall have full force and effect.
Section 5. The Secretary of the Successor Agency is hereby authorized and
directed to submit a certified copy of this Resolution and such forms as may be
Resolution Number SA12-14
required to the Office of the State Treasurer to effectuate the purposes of this
Resolution.
PASSED, APPROVED and ADOPTED by the Successor Agency to the Seal
Beach Redevelopment Agency at a special meeting held on the 24th day
of September , 2012 by the following vote: : in
AYES: Board Members 1L',.%,fiat` /t€.Xam �,/.Ia I
NOES: Board Members r ..
ABSENT: Board Members 7 '
ABSTAIN: Board Members iY
,,• •• /sLAL 864
gyp'4.o - 9� Mayor/Chair
ATTEST:
% i
FORMED
• • a� r:ORL'4Rv 1.20,2
IieI .JL��. ' s
Secretary/City Clerk _ ,r�,,)os ��,
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, Secretary/City Clerk of the City of Seal Beach, do hereby certify
that the foregoing resolution is the original copy of Resolution Number SA12-14
on file in the office of the City Clerk, passed, approved, and adopted by the
Successor Agency to the Seal Beach Redevelopment Agency at a special
meeting held on the 24th day of September , 2012.
it Cu 441, ' AI '
S-cretary/City Clerk
Exhibit "A"
Name Office Signature
Jill R. Ingram Executive Director to,, • ,J1J
of Successor Agency to the ip
Seal Beach Redevelopment
Agency
Victoria L. Beatles Director of Finance to the 0 `')
Successor Agency to the Seal
Beach Redevelopment
Agency