2007-02 - RESOLUTION NO. 2007-02
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE,
CALIFORNIA,ADOPTING AN INVESTMENT POLICY FOR
THE AGENCY
WHEREAS,California Government Code 53646(2)states that the Treasurer or ChiefFiscal
Officer may annually render to the governing legislative body a Statement of Investment Policy,
which the governing body shall consider at a public meeting;
NOW THEREFORE, the Board of Directors of the Community Redevelopment Agency
does hereby resolve, declare, determine, and order as follows:
Section 1. The Board has reviewed and considered the Statement of Investment Policy
in a public meeting.
Section 2. That the Statement of Investment Policy attached hereto and incorporated
herein by reference is the adopted Investment Policy for the Agency.
Section 3. The appropriate officers, agents and employees of the Agency are hereby
authorized and directed, on behalf of the Agency, to invest available funds, from time to time, in
accordance with the Statement of Investment Policy.
PASSED, APPROVED, AND ADOPTED this 12t" day of June, 2007.
ATTEST:
P
Secretary of the Grand Terrace Community ChainnA of the Grand Terrace Community
Redevelopment Agency Rede elopment Agency
RESOLUTION NO. 2007-02
Page 2
I BRENDA MESA, Secretary of the City of Grand Terrace Community Redevelopment
Agency, California, do hereby certify that the foregoing resolution was introduced and adopted at
a regular meeting of the Community Redevelopment Agency of the City of Grand Terrace held on
the 121' day of June, 2007 by the following vote:
AYES: Councilmembers Cortes, Miller, and Buchanan; Mayor Pro Tem
Garcia and Mayor Ferre
NOES: None
ABSENT: None
ABSTAIN: None
Approved as to form:
City Attorney I J Secretary