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RESOLUTION NO. 91- 069 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA AUTHORIZING THE CITY TREASURER <br />TO REMIT FUNDS TO THE ORANGE COUNTY TREASURY <br />FOR THE PURPOSE OF INVESTMENT BY THE CITY. <br /> <br /> WHEREAS, Section 53684 of the Government Code of the <br />State of California allows local agencies to deposit excess funds <br />with the County Treasury for the purpose of investments; and <br /> <br /> WHEREAS, said Section 53684 of the Government Code <br />provides for the investment of money by the County Treasurer <br />pursuant to Section 53601 or 53635 and prescribes various duties of <br />the County Treasurer; and <br /> <br /> WHEREAS, the City Council of the City of Santa Ana <br />authorizes the City Treasurer to remit money to the Orange County <br />Treasurer for the purpose of investment. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> 1. That the city Council for the City of Santa Ana <br />hereby authorizes the establishment of an investment account by the <br />Orange County Treasurer and the remittance of money to the Orange <br />County Treasurer for deposit in the Orange County Investment Pool; <br /> <br /> 2. That the title of said investment account and all <br />correspondence to the City concerning the same shall be directed as <br />follows: <br /> <br />City of Santa Ana <br />Attention: City Treasurer <br />20 Civic Center Plaza <br />Santa Ana CA 92702 <br /> <br />M-13 <br /> <br /> BE IT FURTHER RESOLVED that the city Council of the City <br />of Santa Ana agrees to deposit or withdraw money in the Orange <br />County Treasury Investment Pool in accordance with the provisions <br />of Section 53684 of the Government Code for the purpose of <br />investment as stated therein. <br /> <br /> BE IT FURTHER RESOLVED that the city Council of the City <br />of Santa Ana authorizes the City Treasurer or his designee to order <br /> <br /> <br />