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Iss: 6/08/09 <br />RESOLUTION NO. 2009- <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA CONSIDERING THE CITY'S <br />STATEMENT OF INVESTMENT POLICY <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA AS FOLLOWS: <br />Section 1. The City Council of Santa Ana hereby finds, determines and <br />declares as follows: <br />A. The California Government Code, §53646, provides that each city <br />may have a written statement of investment policy to govern <br />investment of the city's monies. <br />B. Pursuant to §53646, the City Treasurer shall annually submit a <br />statement of investment policy, for City Council consideration. <br />C. The City Treasurer has submitted the attached Statement of <br />Investment Policy to this Council at its regular meeting of June 29, <br />2009, for its consideration. <br />Section 2. The City Council of the City of Santa Ana has duly considered <br />and approves the City's statement of investment policy submitted by the City <br />Treasurer. <br />Section 3. The City Treasurer shall submit quarterly reports to the City <br />Council stating all investments made in the preceding quarter and that such <br />investments have been made in conformance with the City's investment policy. <br />Section 4. This Resolution shall take effect immediately upon its adoption <br />by the City Council, and the Clerk of the Council shall attest to and certify the <br />vote adopting this Resolution. <br />ADOPTED this day of , 2009. <br />Miguel A. Pulido <br />Mayor <br />19D-10 <br />