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2024_05_28_Att_Proposed Successor Agency Resolution

City Council Meeting Agenda
May 28, 2024

Document
2024_05_28_Att_Proposed Successor Agency Resolution
Meeting
May 28, 2024
Body
City Council Meeting Agenda
Original file
79 KB
Text extracted from the city's file for reading and search. Open the original on culver-city.legistar1.com. That file is the official record.

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31 RESOLUTION NO. 2024-SA____

A RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO

THE CULVER CITY REDEVELOPMENT AGENCY , ADOPTING AND

INCORPORATING BY REFERENCE THE CULVER CITY

INVESTMENT POLICY, WHICH SHALL SERVE AS THE SUCCESSOR
AGENCY INVESTMENT POLICY.

WHEREAS, the Culver City Chief Financial Officer/City Treasurer has prepared an updated Investment Policy for the City of Culver City; and WHEREAS, the Board of the Successor Agency to the Culver City Redevelopment Agency (“Successor Agency”) desires to adopt and incorporate by reference the current City of Culver City Investment Policy as the Successor Agency’s Investment Policy.

NOW, THEREFORE, the Board of the Successor Agency to the Culver City Redevelopment Agency, DOES HEREBY RESOLVE as follows:

1. The Board of the Successor Agency hereby adopts and incorporates by reference the current City of Culver City Invest ment Policy , which sh all serve as the Successor Agency Investment Policy.

2. Any and all other prior resolutions in conflict with this Resolution are hereby rescinded.

APPROVED and ADOPTED this day of 2024.

YASMINE-IMANI MCMORRIN, CHAIR
Successor Agency to the Culver City
Redevelopment Agency

ATTEST: APPROVED AS TO FORM:

JEREMY BOCCHINO, Secretary HEATHER S. BAKER, General Counsel

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