RES-ORA-0533 Investment Policy Statement 2011-12RESOLUTION NO. ORA -0533
A RESOLUTION OF THE ORANGE
REDEVELOPMENT AGENCY APPROVING AND
ADOPTING A STATEMENT OF INVESTMENT
POLICY FOR FISCAL YEAR 2011 -12.
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 -0511 on May 25, 2010, adopting the Orange Redevelopment Agency's
Statement of Investment Policy for Fiscal Year 2010 -11 (herein referred to as the "FY 2010-
1 I SIP "); and
WHEREAS, the FY 2010 -11 SIP requires that the City Council annually review its
and 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
Redevelopment Agency; and
WHEREAS, the City's Investment Advisory Committee and Investment Oversight
Committee have reviewed the Statement of Investment Policy for Fiscal Year 2011 -12 in the
form attached to this Resolution, and incorporated herein by this reference (herein referred to
as the "Fiscal Year 2011 -12 SIP ") and recommends that the City Council and the Board of
Directors of the Orange Redevelopment Agency adopt the Fiscal Year 2011 -12 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 2011 -12 SIP.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Orange
Redevelopment Agency as follows:
SECTION I:
That the Fiscal Year 2011 -12 SIP, in the form attached, is the Orange Redevelopment
Agency's Statement of Investment Policy and is duly adopted in accordance with State law
and Chapter 2.49 of Title 2 of the Orange Municipal Code.
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 2011 -12 SIP in the
form attached.
ADOPTED this 13 day of September, 2011.
ATTEST:
Mary E. , Agency Cler
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 13 day of
September, 2011, by the following vote:
AYES:DIRECTORS:Whitaker, Smith, Cavecche, Dumitru, Bilodeau
NOES:DIRECTORS:None
ABSENT:DIRECTORS:None
ABSTAIN:DIRECTORS:None
Mary E. y , Agency Clerk
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