Resolution Number 08-12-02-02RESOLUTION NO. 08-12-02-02
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DELEGATING TO THE CITY TREASURER
AUTHORITY TO DEPOSIT CITY FUNDS AND TO INVEST OR REINVEST
CITY FUNDS, AUTHORIZING SIGNATURES AND REPEALING
RESOLUTION NO. 07-12-04-01
WHEREAS, Article 1, Chapter 4, Division 2, Title 5 of the Government Code
authorizes the City Council to invest and reinvest available funds in certain designated
securities as listed in Section 53601 of that Code; and
WHEREAS, Article 2, Chapter 4, Division 2, Title 5 of the Government Code
requires that all City monies be deposited for safe -keeping in state or national banks or
state or federal savings and loan associates, and that the City Treasurer/Director of
Administrative Services of the City of San Juan Capistrano is hereby authorized to
establish such accounts; and
WHEREAS, Section 53607 of the California Government Code further permits the
City Council to delegate such authority and requirements to its City Treasurer; and,
' WHEREAS, this City Council deems it to be in the best interests of the City of San
Juan Capistrano for such investments and deposits to be made by the City
Treasurer/Director of Administrative Services.
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NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of San
Juan Capistrano does hereby delegate the authority granted to it by the aforesaid to
Cynthia L. Russell, City Treasurer/Director of Administrative Services.
BE IT FURTHER RESOLVED that this authority shall continue until such time as it
shall be revoked by the City Council.
BE IT FURTHER RESOLVED that the City Treasurer be and is hereby directed to
abide by all of the obligations and responsibilities imposed upon him by the aforesaid
statutes.
BE IT FURTHER RESOLVED that the following officers of the City of San Juan
Capistrano are hereby authorized to draw checks on said deposit account of the City of
San Juan Capistrano that are duly certified by the City Clerk of the City of San Juan
Capistrano and on file at depositories. Depositories are hereby authorized to honor and
pay any and all checks so signed:
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Mark Nielsen Mayor, or
Dr. Londres Uso Mayor pro tem, and
Cynthia L. Russell City Treasurer/Director of Administrative
Services, or
David Adams Deputy City Treasurer, or
Margaret R. Monahan City Clerk
BE IT FURTHER RESOLVED that the signature of the Mayor or Mayor pro tem can
be facsimiles.
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BE IT FURTHER RESOLVED that Resolution No. 07-12-04-01 is hereby repealed.
APPROVED AND ADOPTED this 2nd day of December 2008.
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M Y R:, -Mark kielsen
E/
ME
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify
that the foregoing Resolution No. 08-12-02-02 was duly adopted bythe City Council of the Cityof San Juan
CaRstrano at a Regular meeting thereof, held the 2nd day of December 2008, by the following vote:
COUNCIL MEMBERS: Allevato, Freese, Hribar, Uso, and Mayor Nielsen
COUNCIL MEMBER: None
CbUN efElEMBER: None
J
R. M HAI ,City I
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