CC - 2007-24 - Designate Certain Rosemead City Officers to be Authorized users of The Local Agency Investment FundRESOLUTION NO. 2007-24
A RESOLUTION OF THE CITY OF ROSEMEAD TO DECLARE
THE COMMUNITY DEVELOPMENT COMMISSION AS FUNCTIONING AS THE
ROSEMEAD REDEVELOPMENT AGENCY AND TO DESIGNATE CERTAIN
ROSEMEAD CITY OFFICERS TO BE AUTHORIZED USERS OF THE LOCAL
AGENCY INVESTMENT FUND
WHEREAS, on January 22, 2002, the City Council of the City of
Rosemead adopted an Ordinance of the City of Rosemead declaring the need for
a Community Development Commission and Declaring the City Council of the
City of Rosemead to be the Community Development Commission; and
WHEREAS, the City Council of the City of Rosemead declared itself to be
the Community Development Commission, and became vested with all of the
rights, powers privileges and immunities of such a Commission; and
WHEREAS, the City Council of the City of Rosemead declared the
Community Development Commission in the City of Rosemead to function with
respect to the Rosemead Redevelopment Agency; and
WHEREAS, the City Council of the City of Rosemead declared all officers
and employees of the Rosemead Redevelopment Agency are selected and
appointed to the same corresponding positions within the Community
Development Commission; and
WHEREAS, the City Council of the City of Rosemead has declared that all
agreements and contractual arrangements entered into by both the
Redevelopment Agency and the City of Rosemead are hereby adopted and
ratified on behalf of the Community Development Commission;
NOW, THEREFORE, THE CITY OF ROSEMEAD DOES HEREBY
RESOLVE AS FOLLOWS:
Section 1. The above recitals are true and correct and a substantive
part of this Resolution.
Section 2. The officers and employees of the Community Development
Commission shall have the same rights, powers, privileges and immunities as the
Rosemead Redevelopment Agency.
Section 3. The power to sign for or otherwise access funds on behalf of
the Rosemead Community Development Commission from the Local Agency
Investment Fund (LAIF) shall extend to the Executive Director, the Deputy City
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Manager, and the Chief Financial Officer of the City of Rosemead.
Section 4. The Local Agency Investment Fund shall be authorized to
accept Rosemead's Community Development Commission's Resolution No.
2007-03, attached hereto and made a part hereof.
Section 5. The Named Officers, the Executive Director, the Deputy City
Manager, and the Chief Financial Officer of the Community Development
Commission are authorized users of LAIF deposits, authorized to make deposits
and withdrawals with LAIF.
Section 6. The City Clerk shall certify to the adoption of this Resolution
and cause the same to be processed in accordance with state law.
PASSED, APPROVED and ADOPTED this 17th day of July, 2007.
Joh
ATTEST:
Nina Castruita
City Clerk
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD 1
I, Nina Castruita, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2007-24 being:
A RESOLUTION OF THE CITY OF ROSEMEAD TO DECLARE THE
COMMUNITY DEVELOPMENT COMMISSION AS FUNCTIONING
AS THE ROSEMEAD REDEVELOPMENT AGENCY AND TO
DESIGNATE CERTAIN ROSEMEAD CITY OFFICERS TO BE
AUTHORIZD USERS OF THE LOCAL AGENCY INVESTMENT
FUND
was duly and regularly approved and adopted by the Rosemead City Council on the 17th
of July, 2007, by the following vote to wit:
Yes: Clark, Low, Nunez, Taylor, Tran
No: None
Absent: None
Abstain: None
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Nina Castruita
City Clerk