RES-ORA-0335 Statement of Investment PolicyRESOLUTION NO. ORA-
0335 A RESOLUTION OF THE
ORANGE REDEVELOPMENT
AGENCY APPROVING AND ADOPTING
A STATEMENT OF INVESTMENT
POLICY AND DELEGATING INVESTMENT
OF ORANGE REDEVELOPMENT
AGENCY FUNDS TO THE TREASURER OF
THE CITY OF ORANGE AND
REPEALING RESOLUTION NO.
ORA-0323.WHEREAS, Government Code Section 53600 et ~. sets forth
detailed provisions regarding permitted and prohibited investments by public agencies, including
the Orange Redevelopment Agency, and accountability
therefore; and WHEREAS, the Orange Redevelopment Agency adopted Resolution
No. ORA-0323 adopting the Orange Redevelopment Agency's Statement
ofInvestment Policy; and WHEREAS, the Statement of Investment Policy requires that the
City Council annually review the City's Statement of Investment Policy and adopt a policy annually within
120 days of the fiscal year end by a resolution and vote of the City Council at a
public meeting, and separately by the Orange
Redevelopment Agency; and WHEREAS, the Investment Oversight Committee has prepared
a Statement of Investment Policy for the 1997-
98 fiscal year; and WHEREAS, the Agency has had the policy reviewed by
the Agency Counsel; and WHEREAS, the funds of the Orange Redevelopment Agency are
invested by the City Treasurer in
accordance with the policy.NOW, THEREFORE, BE IT RESOL Vl=D by the Board of
Directors of the Orange
Redevelopment Agency
as follows:SECTION I:That Resolution No. ORA-0323
be repealed
in its entirety.SECTION II:That the Statement of Investment Policy attached hereto as Attachment
1 is the City's Statlement of Investment Policy and is duly adopted in accordance
with state law andOrange
Municipal Code Chapter 2.49.ADOPTED this
9th day of
September 1997.I' n
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dXt2'1
DANIEL R.
SLATER ViCE! Chairman JOANNE
ATTEST:
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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 9th day of Sept. ,1997,
by the following vote:
AYES:DIRECTORS: MURPHY, SLATER, SPURGEON, ALVAREZ
NOES:DIRECTORS: NONE
ABSENT:DIRECTORS: COONTZ
ABSTAIN:DIRECTORS: NONE
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velopment Agency
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