RES-ORA-0504 Approval and Adoption of Statement of Investment Policy FY 2009-10 and Delegation of Investment to Orange City TreasurerRESOLUTION NO.ORA-
0504 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY APPROVING
AND ADOPTING A STATEMENT OF
INVESTMENT POLICY FOR FISCAL YEAR 2009-
10 AND DELEGATING INVESTMENT
OF ORANGE REDEVELOPMENT AGENCY FUNDS
TO THE TREASURER OF THE CITY
OF ORANGE.WHEREAS, Government Code Sections 53600 et seq. set forth
detailed provisions regarding permitted and prohibited investments by public agencies, including
the Orange Redevelopment Agency, and accountability
therefor; and WHEREAS, the Board of Directors of the Orange Redevelopment
Agency adopted Resolution No. ORA-0484 on April 8, 2008, adopting theOrange
Redevelopment Agency's Statement of Investment Policy for Fiscal Year 2009-10 (herein referred to
as the FY
2009-10 SIP); and WHEREAS, the FY 2009-10 SIP requires that the
City Council annually review itsand the Orange Redevelopment Agency's Statement of Investment
Policy and adopt a policy annually within 120 days following the end of each fiscal year by a
resolution and vote of the City Council at a public meeting, and separately by the Board
of Directors of
the Orange RedevelopmentAgency; and WHEREAS, the City's Investment
Advisory Committee and Investment Oversight Committee have reviewed the Statement of Investment Policy for
Fiscal Year 2009-10 in the form attached to this Resolution, and incorporated herein
by this reference (herein referred to as the Fiscal Year 2009-10 SIP) and recommends that
the City Council and the Board of Directors of the Orange Redevelopment Agency
adopt the Fiscal Year 2009-10 SIP; and WHEREAS, the Board of
Directors of the Orange Redevelopment Agency desires to authorize the City Treasurer to invest
the funds of the Orange Redevelopment Agency
in accordance with the Fiscal Year 2009-10 SIP.NOW, THEREFORE, BE IT
RESOLVED by the Board
of Directors
of the Orange Redevelopment Agency as follows:SECTION I:That the Fiscal Year 2009-
10SIP, in the form attached, is the Orange Redevelopment Agency's Statement of Investment
Policy and isduly adopted in accordance with State law and Chapter
SECTION II:
That the Treasurer of the City of Orange is hereby authorized and directed to invest
the funds of the Orange Redevelopment Agency on behalf of the Orange Redevelopment
Agency in accordance with the terms and provisions of the Fiscal Year 2009-10 SIP in
the form
attached.ADOPTED this 25th day of August,
2009.
ATTEST:Mary E. rp ,
Agency I hereby certify that the foregoing Resolution was duly and regularly adopted by
the Orange Redevelopment Agency at a regular meeting thereof held on the 25th day of
August,2009, by the following
vote:AYES:DIRECTORS:Smith, Murphy, Cavecche, Dumitru,
Bilodeau NOES:DIRECTORS:
None ABSENT:DIRECTORS:
None ABSTAIN:DIRECTORS:
None