HomeMy WebLinkAbout1991-06 CRA
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RESOLUTION NO. 91-06
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA AUTHORIZING THE
TREASURER TO REMIT FUNDS TO THE ORANGE COUNTY
TREASURY FOR THE PURPOSE OF INVESTMENT BY
THE AGENCY
WHEREAS, sections 53684 et seq 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 Community Redevelopment Agency of the city of
Santa Ana authorizes the Treasurer to remit money to the Orange
County Treasurer for the purpose of investment.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS:
the City
investment
the
deposit in
1. That the Community Redevelopment Agency of
of Santa Ana hereby authorizes the establishment of an
account by the Orange County Treasurer and consents to
remittance of money to the orange County Treasurer for
the Orange County Investment Pool;
2. That the title of said investment account and all
correspondence to the Community Redevelopment Agency of the city
of Santa Ana concerning the same shall be directed as follows:
Community Redevelopment Agency
of the city of Santa Ana
Attention: Treasurer M-13
20 civic Center Plaza
Santa Ana, CA 92702
BE IT FURTHER RESOLVED that the Community Redevelopment
Agency 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.
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BE IT FURTHER RESOLVED that the Community Redevelopment
Agency of the city of Santa Ana authorizes the Treasurer or his
designee to order the deposit or withdrawal of money in the
Orange County Treasury Investment Pool.
BE IT FURTHER RESOLVED that adoption of the Resolution by
the Community Redevelopment Agency 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 Community Redevelopment
Agency of the City of Santa Ana.
ADOPTED this
following vote:
, 1991, by the
l6th day of
July
AYES: MEMBERS: ACOSTA, MCGUIGAN, NORTON, PULIDO, RICHARDSON
NOES: MEMBERS:
ABSENT: MEMBERS: GRISET, YOUNG
ATTEST:
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Cynt ~a J. ~son
Executive Director
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Chai an
APPROVED AS TO FORM:
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Agency Legal Counsel
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