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<br />9.6.(
<br />CITY OF REDWOOD CM
<br />Prhmipel Secured Taxpayers
<br />Fiscal Year 2002 -03
<br />Prooertv Owner
<br />Primary
<br />Assessed Valuation
<br />Land Use
<br />Pacific Shores Development LLC
<br />Office Building
<br />Oracle Corpotation/Centrum Associates
<br />Office Building
<br />Spieker Properties
<br />Office Building
<br />Martin Campus LLC
<br />Office Building
<br />Perry Public Inv. Co.
<br />Office Building
<br />EOP- Seaport Centre LLC
<br />Industrial
<br />Metropolitan Life Insurance Co.
<br />Office Building
<br />Flatirons Funding LP
<br />Office Building
<br />Irvine Apartment Community LP
<br />Apartments
<br />Woodside Technology Center LLC
<br />Office Building
<br />UBS Lease Finance LLC
<br />Office Building
<br />Security Capital Pacific Trust
<br />Apartments
<br />Selco Service Corporation
<br />Office Building
<br />Miotel Corporation, Lessee
<br />Hotel
<br />Peninsula Marina LLC
<br />Office Building /Marina
<br />Shorebreeze Associates LLC
<br />Office Building
<br />Seaport Plaza Associates LLC
<br />Office Building
<br />ERI Dolphin Inc.
<br />Office Building
<br />Abbot Laboratories
<br />Industrial
<br />Regency Centers LP
<br />Shopping Center
<br />(1) 2002 -03 Local Secured Assessed Valuation: $9,643,104,042
<br />Source: California Municipal Statistics.
<br />Investment Policies and Procedures
<br />2002 -03
<br />% of
<br />Assessed Valuation
<br />Total 1
<br />$ 475,668,159
<br />4.93%
<br />384,346,234
<br />3.99
<br />174,654,600
<br />1.81
<br />144,158,193
<br />1.49
<br />121,773,903
<br />1.26
<br />118,421,294
<br />1.23
<br />110,836,861
<br />1.15
<br />100,920,069
<br />1.05
<br />93,712,317
<br />0.97
<br />75,345,766
<br />0.78
<br />71,698,358
<br />0.74
<br />65,672,239
<br />0.68
<br />64,490,520
<br />0.67
<br />60,423,114
<br />0.63
<br />56,195,401
<br />0.58
<br />50,783,424
<br />0.53
<br />46,412,244
<br />0.48
<br />44,891,609
<br />0.47
<br />44,195,020
<br />0.46
<br />40.815.081
<br />0_42
<br />$2,345,414,406
<br />24.32%
<br />The City Finance Director manages the City's investment portfolio. The City's deposits
<br />and investments are invested pursuant to the investment policy (the "Investment Policy ")
<br />established by the City Treasurer, pursuant to Goverment Code Section 53646. The objectives
<br />of the Investment Policy are, in order of priority, safety of principal, liquidity, and return on
<br />investment. The Investment Policy delegates investment authority to the City Treasurer
<br />(Director of Finance) pursuant to section 34 of the Charter of Redwood City and section 2.33.1
<br />of the Redwood City code of ordinances.
<br />The Investment Policy states that an average amount of six months cash flow is to be
<br />maintained in immediately available investments. The Treasurer and Deputy Treasurer is
<br />required to certify each month that enough liquid resources are available to meet the next six
<br />months cash flow requirements.
<br />Investments permitted by the City's Investment Policy (and State of California
<br />Government Code Sections 53600 et seq. include the following:
<br />• Certificates of Deposit;
<br />• Bankers Acceptances;
<br />• U.S. Treasury securities;
<br />• U.S. Agency and Government Sponsored Instrumentality Securities;
<br />-35-
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