Resolution Number 16-02-02-03 RESOLUTION NO. 16-02-02-03
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, DELEGATING TO THE INTERIM
CITY TREASURER AUTHORITY TO DEPOSIT CITY FUNDS AND TO
INVEST OR REINVEST CITY FUNDS, AUTHORIZING SIGNATURES AND
REPEALING RESOLUTION NO. 15-12-01-01
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 in accordance with the City's adopted
investment policy; 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 associations, and that the City Treasurer/Chief Financial Officer 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/Chief Financial
Officer; 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/Chief Financial Officer.
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
David Ott, Interim City Manager as Interim City Treasurer.
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 Interim 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:
1 2-2-2016
Pam Patterson, Esq. Mayor, or
Kerry K. Ferguson Mayor pro tem, or
Cynthia L. Russell (Until February 5, 2016) City Treasurer/Chief Financial Officer, or
David Ott (Starting February 6, 2016) Interim Assistant City Manager/City Treasurer, or
Benjamin Siegel (Starting February 8, 2016) City Manager as Deputy City Treasurer, or
Maria Morris City Clerk
BE IT FURTHER RESOLVED that the signature of the Mayor or Mayor pro tem can
be facsimiles.
BE IT FURTHER RESOLVED that Resolution No. 15-12-01-01 is hereby repealed.
PASSED, APPROVED AND ADOPTED thi nd day of February 016.
PAM PATTERSON, ESQ., MAY
ATTEST
:
{ f
MARIA WMS, CIT CLER
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 16-02-02-03 was duly adopted by the City Council of
the City of San Juan Capistrano at the Special meeting thereof, held the 2nd day of February
2016, by the following vote:
AYES: C UNCIL MEMBERS: Allevato, Perry, Reeve, Ferguson and Mayor Patterson
NOES..
, C UNCIL MEMBERS: None
ABSEN : UNCIL MEMBERS: None
MARIA RI , City erk
2 2-2-2016