HomeMy WebLinkAboutRDA Reso 22-2011 RESOLUTION NO. 22 -2011
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
A RESOLUTION CONFIRMING THE APPOINTMENT OF
DEPUTY TREASURERS
WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ")
has an elected Treasurer ( "Treasurer ") whose election has been certified by the Agency
Secretary; and
WHEREAS, the Treasurer is an elected position, and that position has the authority to
appoint Deputy Treasurers at his or her discretion; and
WHEREAS, it is in the best interests of the Agency and prudent to have additional
Deputy Treasurers available to assist the Treasurer and to assume Investment Management
functions in compliance with the City's Investment Policy in the event the City Treasurer is not
available.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency Board of the
City of South San Francisco that the Redevelopment Agency Board hereby confirms and
certifies the City Treasurer's appointments for:
Frank Risso, Deputy Treasurer;
Jim Steele, Agency Finance Officer and Deputy Treasurer;
Colleen Tribby, Agency Budget Manager, and Deputy Treasurer;
Gloria Taormina, Assistant Deputy Treasurer.
BE IT FURTHER RESOLVED, by the Redevelopment Agency of the City of South San
Francisco that the Deputy Treasurers are authorized to carry out investment transactions on
behalf of the Agency, which includes, but is not limited to the authority to deposit and withdraw
funds of the Agency in the Local Agency Investment Fund ( "LAIF ") in the State Treasury in
accordance with the provisions of Section 16429.1 of the Government Code for the purpose of
investment as stated therein; and
BE IT FURTHER RESOLVED, by the Redevelopment Agency Board of the City of
South San Francisco that a special acknowledgement is hereby granted to Assistant Deputy
Treasurer, Gloria Taormina, for her long and continued service to the City of South San
Francisco; and
BE IT FURTHER RESOLVED, by the Redevelopment Agency of the City of South San
Francisco that the Agency Executive Director and Agency Finance Officer are hereby authorized
to execute forms and agreements to carry out the intent of this Resolution, including but not
limited to forms and agreements with the Agency's banking and investment institutions in order
to add the Deputy Treasurers as authorized signatories to banking and investment arrangements.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the Board of the Redevelopment Agency of South San Francisco at a regular meeting held on the
8 th day of June, 2011 by the following vote:
AYES: Boardmembers Mark Addiego and Pedro Gonzalez,
Vice Chair Richard A. Garbarino and Chairman Kevin Mullin
NOES: None
ABSTAIN: None
ABSENT: Boardmember Karyl Matsumoto
ATTES _ e4116 1
Agency Orry