Resolution Number 13-12-03-02RESOLUTION NO. 13-12-03-02
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. 12-12-04-03
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
Cynthia L. Russell, City Treasurer/Chief Financial Officer.
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/Chief Financial Officer be and
is hereby directed to abide by all of the obligations and responsibilities imposed upon her
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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Sam Allevato Mayor, or
Larry Kramer Mayor pro tem, or
Cynthia L. Russell City Treasurer/Chief Financial Officer, or
Karen P. Brust 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. 12-12-04-02 is hereby repealed.
PASSED, APPROVED AND ADOPTED this 3`d da :,of December 2013.
.-SAM"'ALLEVATO, MAYOR
ATTEST:
MARIA MORt8,,0TY CLERK
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. 13-12-03-02 was duly adopted by the City
Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 3`d day
of December 2013, by the following vote:
AYES: COUNCIL MEMBERS: Byrnes, Reeve, Taylor, Kramer and Mayor Allevato
NOES: COUNCIL MEMBER: None
ABSENT: COUNCIL MEMBER: None
MARIA- MORR S, y Clerk
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