SA-2018-001RESOLUTION NO. SA 2018 -001
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 monies 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 Finance Director/City Treasurer, the Financial
Accounting Manager in the Office of the City Treasurer and the Executive Director of Community
and Economic 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 approved and adopted by the City Council of the
City of Anaheim, County of Orange, State of California this 17th day of July , 2018,
by the following roll call vote:
AYES: Chairman Tait and Agency Members Moreno, Murray,
Vanderbilt, Barnes, Kring, and Faessel
NOES: None
ABSENT: None
ABSTAIN: None
ATT
A ITY CLARK, OF THE CITY OF
ANAHEIM
128535
2
CITY OF ANAHEIM
MAYOR OF THE CITY OF ANAHEIM
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, THERESA BASS, Acting Secretary of the Successor Agency to the City of Anaheim
Redevelopment Agency, herby certify that the foregoing resolution SA -2018-001 was duly adopted
by the Successor Agency to the Anaheim Redevelopment Agency, at its regular meeting held on
the 17T" day of July, 2018 and that it was so adopted by the following vote:
AYES: Chairman Tait and Agency Members: Moreno, Murray, Vanderbilt, Barnes,
Kring, and Faessel
NOES: None
ABSTAIN: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand this 18T" day of July, 2018.
S CRET Y TO THE SUCCESSOR AGENCY
(SEAL)