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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