HomeMy WebLinkAbout90-48 - City Treasurer Authorized to Invest Funds with Orange County TreasurerIjw- 30
RESOLUTION NO. 90-48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF COSTA MESA, CALIFORNLA, AUTHORIZING THE CITY
TREASURER TO IINEST MONIES WITH THE COUNTY OF
ORANGE'S TREASURER.
WHEREAS, pursuant to Section 53684 was added to the California Govern-
ment Code allowing local agencies to 'deposit excess funds into the County
Treasury for purposes of investment by the Orange County Treasurer; and
WHEREAS, the City Council does hereby find that the deposit and with-
drawal of money with the County Treasurer in accordance with the provisions
of investment as stated therein are in the best interests of the City of
Costa Mesa;
NOW, THEREFORE, be it resolved that the Costa Mesa City Council does
hereby authorize the deposit and withdrawl of City of Costa Mesa monies
with the County Treasury in the County of Orange 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 following City of Costa Mesa officers
or their successors in office shall be authorized to order the deposit or
withdrawl of monies in the County Treasury.
Name and Title of .Authorized Officers
Susan L. Temple, Director of Finance/Treasurer
Marcus D. Davis, Deputy Treasurer
Betty M. Bent, Revenue Investment Specialist
Signatures
PASSED AND ADOPTED this 4th day of June, 1990.
Mayor of the Cit of Costa Mesa
ATTEST:
C ty Clerk of the City of Costa esa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, EILEEN P. RRINNIEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, here -by certify that the above and fore-
goirx3 Resolution No. 90-48 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof, held on the 4th day of
June, 1990.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 5th day of June, 1990.
ty Clerk and ex -officio Clerk of he
City Council of the City of Costa sa
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