2003-03 RESOLUTION NO. CRA-2003-03
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE,
CALIFORNIA, RESCINDING RESOLUTION NO. 82-01 AND
AUTHORIZING INVESTMENT OF COMMUNITY
REDEVELOPMENT AGENCY MONIES IN LOCAL AGENCY
INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1 was
added to the California Government Code to create a Local Agency investment Fund in the
State Treasury for the deposit of money of a local agency for purposes of investment by
the State Treasurer; and
WHEREAS, the Community Redevelopment Agency of the City of Grand Terrace
does hereby find that the deposit and withdrawal of money in the Local Agency Investment
Fund in accordance with the provisions of Section 16429.1 of the Government Code for
the purposes of investment as stated herein is in the best interests of the said Community
Redevelopment Agency;
NOW, THEREFORE, BE IT RESOLVED that the Community Redevelopment
Agency of the City of Grand Terrace does hereby rescind Resolution No. 82-01 and
authorize the deposit and withdrawal of said Community Redevelopment Agency monies
in the Local Agency Investment Fund in the State Treasury in accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of investment as
stated therein.
BE IT FURTHER RESOLVED THATTHE FOLLOWING Community Redevelopment
Agency officers or their successor in office shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
Thomas Schwab, Executive Director
Larry Ronnow, Treasurer
Christie Thierry, Finance Assistant
PASSED, APPROVED AND ADOPTED this 23`d day of October, 2003.
L
Mayor of the City of Grand Terrace
ATTEST: -
City Clerk of the City of0rand
Terrace
I, BRENDA STANFILL, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2003- 03 was introduced and adopted at a regular meeting of the City
Council of the City of Grand Terrace held ionthe 23rd day of October, 2003, by the following
vote:
AYES: Councilmembers Hilkey, Larkin and Cortes; Mayor Pro Tem Ferre and
Mayor Garcia
NOES: None
ABSENT: None
ABSTAIN: None
Brenda Stanfill, City Grerk
Approved as to form:
City Attorney