HomeMy WebLinkAbout91-069RESOLUTION NO. 91- 069
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA AUTHORIZING THE CITY TREASURER
TO REMIT FUNDS TO THE ORANGE COUNTY TREASURY
FOR THE PURPOSE OF INVESTMENT BY THE CITY.
WHEREAS, Section 53684 of the Government Code of the
State of California allows local agencies to deposit excess funds
with the County Treasury for the purpose of investments; and
WHEREAS, said Section 53684 of the Government Code
provides for the investment of money by the County Treasurer
pursuant to Section 53601 or 53635 and prescribes various duties of
the County Treasurer; and
WHEREAS, the City Council of the City of Santa Ana
authorizes the City Treasurer to remit money to the Orange County
Treasurer for the purpose of investment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SANTA ANA AS FOLLOWS:
1. That the city Council for the City of Santa Ana
hereby authorizes the establishment of an investment account by the
Orange County Treasurer and the remittance of money to the Orange
County Treasurer for deposit in the Orange County Investment Pool;
2. That the title of said investment account and all
correspondence to the City concerning the same shall be directed as
follows:
City of Santa Ana
Attention: City Treasurer
20 Civic Center Plaza
Santa Ana CA 92702
M-13
BE IT FURTHER RESOLVED that the city Council of the City
of Santa Ana agrees to deposit or withdraw money in the Orange
County Treasury Investment Pool in accordance with the provisions
of Section 53684 of the Government Code for the purpose of
investment as stated therein.
BE IT FURTHER RESOLVED that the city Council of the City
of Santa Ana authorizes the City Treasurer or his designee to order
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RESOLUTION 91-069
PAGE 2
the deposit or withdrawal of money in the Orange County Treasury
Investment Pool.
BE IT FURTHER RESOLVED that adoption of the Resolution by
the City Council of the city of Santa Ana shall be deemed the
consent required by Section 53684 of the Government Code for the
deposit of money in the Orange County Treasury Investment Pool for
the account of the City of Santa Ana.
ADOPTED this 15th day of QU]y , 1991.
ATTEST:
~el H. Young~ '
Mayor
COUNCILMEMBERS:
Young Ave
Pulido Aye
Acosta Absent
Griset ~t
McGuigan Aye
Norton Aye
Richardson Aye
APPROVED AS TO FORM:
,~ City Attorney
CERTIFICATE OF ORIGINALITY
State of California
County of Orange
I, JANICE C. GUY, Clerk of the Council, do hereby certify the
attached Resolution ~/- o~ to be the original resolution
adopted by the City Council of the city of Santa Ana on
Co~nc~, D/te ~
City of Santa Ana