RES-ORA-0323 Orange Redevelopment Agency Statement of Investment PolicyRESOLUTION NO. ORA-
0323
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-
0320.WHEREAS, Government Code ~53600 sa ~. sets forth detailed
provisions regarding permitted and prohibited investments by public agencies, including
the Orange Redevelopment Agency, and accountability therefor;
and WHEREAS, the Orange Redevelopment Agency adopted Resolution No.
ORA-0320 amending the City of Orange's Statement ofInvestment Policy;
and WHEREAS, the Investment Oversight Committee has prepared a draft
revised Statement of Investment Policy taking into consideration the recommendations of
the City of Orange's Investment Advisory Committee and the public;
and WHEREAS, the policy has been reviewed by both Agency Counsel and
special outside counsel for compliance with state law;
and WHEREAS, the funds of the Orange Redevelopment Agency are invested
by the City Treasurer in accordance with the
policy.NO'W, THEREFORE, BE IT RESOLVED, by the Board of Directors of the
Orange Redevelopment Agency as
follows:
SECTION I:
That Resolution No. ORA-0320 be repealed in its
SECTIQltll:
That the Statement of Investment Policy adopted by the City of Orange shall be
the Statement of Investment Policy of the Orange Redevelopment Agency and the
authority to invest Orange Redevelopment Agency funds shall be delegated to the
Treasurer of the City of Orange.
day of October 1996.ADOPTED this 8th
ATTEST:
Clerk, Orange
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
8th day of October , 1996, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS: MURPHY, BA.RRERA, COONTZ, SPURGEON, SLATER
DIRECTORS: NONE
DIRECTORS: NONE
DIRECTORS: NONE
C4./JA/?AA2
Clerk of the Ora
ORA RESO NO. 0323 DAD:ajj
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