RES-2012-015 RESOLUTION NO. 2012 -015
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM, AS THE SUCCESSOR AGENCY TO THE
ANAHEIM REDEVELOPMENT AGENCY, AUTHORIZING
INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND
WHEREAS, pursuant to Section 16429.1 of the California Government Code, the
State Legislature created the 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, by the adoption of its Resolution No. 2012 -001 on January 10, 2012
and pursuant to Section 34173 of the California Health and Safety Code, the City Council
of the City of Anaheim elected to have the City of Anaheim serve as the "successor
agency" to the Anaheim Redevelopment Agency ( "Agency ") under Part 1.85 of the
California Health and Safety Code effective upon dissolution of the Agency for the
purpose of administering the enforceable obligations of the Agency and to otherwise wind
up the affairs of the Agency; and
WHEREAS, the City Council of the City of Anaheim, in its capacity as the
governing board of the successor agency to the Agency, 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 California Government Code for the purpose of
investment as stated therein is in the best interest of the City of Anaheim, a municipal
corporation and charter city, as the successor agency to the Anaheim Redevelopment
Agency.
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of
Anaheim, in its capacity as the governing board of the successor agency to the Anaheim
Redevelopment Agency, does hereby authorize the deposit and withdrawal of money in its
treasury for and on behalf of the "City of Anaheim, a municipal corporation and charter
city, as the successor to the Anaheim Redevelopment Agency ", which are not required for
immediate needs, with the Local Agency Investment Fund in the State Treasury in
accordance with the provisions of Section 16429.1 of the California Government Code for
the purpose of investment as stated therein, and verification by the State Treasurer's Office
of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the City Treasurer, the Principal Accountant
in the Office of the City Treasurer, and the Executive Director of Community
Development of the City of Anaheim are authorized, jointly and severally, to order the
deposit or withdrawal of monies in the Local Agency Investment Fund for and on behalf of
the "City of Anaheim, a municipal corporation and charter city, as the successor agency to
the Anaheim Redevelopment Agency ", and to do any and all things necessary or advisable
in order to effectuate the purposes of this Resolution.
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY
THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS WhDAY OF February,
2012, BY THE FOLLOWING ROLL CALL VOTE:
AYES: Mayor Tait, Council Members Galloway, Sidhu, Eastman and Murray
NOES: None
ABSTAIN: None
ABSENT: None
i
Tom Tait, Mayor
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Linda N. Andal, City Clerk
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