JOINT CITY COUNCIL / REDEVELOPMENT AGENCY BOARD AGENDA ITEM: (1) Adoption of City Council and Redevelopment Agency Resolutions Approving an Investment Policy for the City and the Redevelopment Agency; and (2) Adoption of City Council and Redevelopment Agency Resolutions Authorizing the Chief Financial Officer and His Designated Representatives to Deposit and Withdraw Funds as well as Make Account Changes with the State Local Agency Investment Fund on Behalf of Culver City and of the Culver City Redevelopment Agency. City of Culver City California Agenda Item Report Item Number: J 1 Meeting Date: 08/09/2010 JOINT CITY COUNCIL / REDEVELOPMENT AGENCY BOARD AGENDA ITEM: (1) Adoption of City Council and Redevelopment Agency Resolutions Approving an Investment Policy for the City and the Redevelopment Agency; and (2) Adoption of City Council and Redevelopment Agency Resolutions Authorizing the Chief Financial Officer and His Designated Representatives to Deposit and Withdraw Funds as well as Make Account Changes with the State Local Agency Investment Fund on Behalf of Culver City and of the Culver City Redevelopment Agency. Contact Person/Dept.: Jeff S. Muir/Finance Fiscal Impact: Yes No X General Fund: Yes No X Phone Number: 310/253 5865 Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas City Council (08/05/10) Department Approval: Jeff Muir (08/02/10) Chief Financial Officer Approval: Jeff Muir (08/02/10) City Attorney Approval: Carol Schwab (by H. Baker) (08/04/10) City Manager Approval: Martin R. Cole (08/05/10) RECOMMENDATION: Staff recommends that the City Council: Adopt a Resolution approving the attached Investment Policy; and Adopt a Resolution authorizing the Chief Financial Officer and his designated representatives to deposit and withdraw funds as well as make account changes with the State Local Investment Fund on behalf of Culver City; Staff recommends th...
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