HomeMy WebLinkAboutSA 2023-003 Updated LAIF ResolutionRESOLUTION NO. SA 2023-3
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AUTHORIZING
INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND
Whereas,The Local Agency Investment Fund is established in the State Treasury under
Government Code section 16429.1 et. seq. for the deposit of money of a local agency for
purposes of investment by the State Treasurer; and
Whereas,the Successor Agency hereby finds that the deposit and withdrawal of money
in the Local Agency Investment Fund in accordance with Government Code section 16429.1 et.
seq. for the purpose of investment as provided therein is in the best interests of the Agency.
NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE, DOES HEREBY RESOLVE, DETERMINE, AND
ORDER AS FOLLOWS:
Section 1.The Successor Agency hereby authorizes the deposit and withdrawal of
Agency monies in the Local Agency Investment Fund in the State Treasury in accordance with
Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.
Section 2.The following Agency officers specified hereinbelow or their successors in
office are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund and may execute and deliver any and all documents necessary or advisable in
order to effectuate the purposes of this resolution and the transactions contemplated hereby:
Executive Director – Jason Simpson, or successor
Assistant Executive Director – Shannon Buckley, or successor
Director of Administrative Services– Vacant, or successor
Assistant Director of Administrative Services– Brendan Rafferty, or successor
Section 3.This resolution shall remain in full force and effect until rescinded by the
Successor Agency by Resolution and a copy of the Resolution rescinding this Resolution is filed
with the State Treasurer’s Office.
Section 4.This Resolution shall take effect immediately upon its adoption.
Section 5.The Secretary shall certify to the adoption of this Resolution and enter it into
the book of original Resolutions.
Passed and Adopted at a regular meeting of the Successor Agency of the City of Lake
Elsinore, California, this 27th day of June 2023.
Natasha Johnson
Chair
DocuSign Envelope ID: 8005F7D8-3BA7-43D5-8A71-1FB43171E2A0
SA Reso No. 2023-3
Page 2 of 2
Attest:
Candice Alvarez, MMC
Secretary
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, Secretary of the Successor Agency to the Redevelopment Agency of
City of Lake Elsinore, California, do hereby certify that Resolution No. SA 2023-3 was adopted by
the Successor Agency of the City of Lake Elsinore, California, at the Regular meeting of June 27,
2023 and that the same was adopted by the following vote:
AYES: Agency Members Tisdale, Sheridan, and Magee; and Chair Johnson
NOES: None
ABSENT: Vice Chair Manos
ABSTAIN: None
Candice Alvarez, MMC
Secretary
DocuSign Envelope ID: 8005F7D8-3BA7-43D5-8A71-1FB43171E2A0