2005-12 —� RESOLUTION NO. 2005-12
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, ADOPTING AN
INVESTMENT POLICY FOR THE CITY
WHEREAS, California Government Code 53646 (2) requires that the Treasurer or Chief
Fiscal Officer shall 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 Council 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 City.
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 9"'day of June, 2005
ATTEST:
C1611617"l-
City Clerk of the City of Q6(nd Terrace and Mayor of 09 City of Grand Terrace and of the
of the City Council thereof. City Coui'Icil thereof.
RESOLUTION NO. 2005- 12
PAGE 2
I,BRENDA STANFILL,City Clerk of the City of Grand Terrace, do hereby certify that the
foregoing Resolution was introduced and adopted at a regular meeting of the Grand Terrace City
Council held on the 9'day of June, 2005,by the following vote:
AYES: Councilmembers Hilkey, Garcia, and Miller; Mayor Pro Tem Cortes and
Mayor Ferre
NOES: None
ABSENT: None
ABSTAIN: None
Approved as to form:
City Attorney Secretary