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2000-029RESOLUTION NO. 2000R- 29 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM (i) DESIGNATING DEPOSITORIES FOR CERTAIN CITY FUNDS; (ii) AUTHORIZING THE CITY TREASURER TO ESTABLISH ACCOUNTS WITH SAD DEPOSITORIES AND DEPOSIT PUBLIC FUNDS OF THE CITY THEREIN; (iii) AUTHORIZING WARRANTS, DEMANDS, DRAFTS AND CHECKS TO BE DRAWN AGAINST ANY ACCOUNTS ESTABLISHED WITH SAID DEPOSITORIES ON BEHALF OF THE CITY; AND (iv) AUTHORIZING THE CITY TREASURER TO OPEN ACCOUNTS WITH FINANCIAL INSTITUTIONS AND CORPORATIONS FOR THE PURCHASE AND SALE OF VARIOUS SECURITIES AND MONEY MARKET INSTRUMENTS WHEREAS, Section 705 of the City Charter of the City of Anaheim authorizes and requires the City Treasurer to deposit or cause to be deposited all funds coming into his or her hands and in such depositories as may be designated by Resolution of the City Council; and WHEREAS, the City Council of the City of Anaheim desires to designate those certain institutions specified herein as depositories of public funds belonging to or under control of the City of Anaheim or any office, department or agency of the City government; and WHEREAS, the City Council desires to authorize certain officers of the City to sign all authorized warrants, demands, drafts and checks drawn against any accounts established with a depository by the City; and WHEREAS, the City Council has heretofore approved, or may hereinafter approve, depository agreements with each of said depository institutions; and WHEREAS, the City Treasurer and the Investment Advisory Commission of the City of Anaheim annually prepares and delivers to the City Council a Statement of Investment Policy for approval; and WHEREAS, said Statement of Investment Policy provides for, among other things, the purchase and sale of various securities and money market instruments; and WHEREAS, the City Council has heretofore, and shall hereinafter, annually approve said Statement of Investment Policy; and f:\homeMgrangerXstaffreptXsfbanks00 .doc WHEREAS, Government Code Section 53600 et sec. directs the City Treasurer to deposit all money paid to the City Treasurer for safekeeping in state or national banks, savings association or federal associations, credit unions or federally insured industrial loan companies in the state (the "Depository Institutions"), or provides that such funds may be invested in certain specified investments with any financial institution as specified in Government Code Section 53600 et seq.; and WHEREAS, it is the desire of the City Council to open and maintain accounts with financial institutions and corporations for the deposit of monies and the purchase and sale of said securities and money market instruments as authorized by law. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim as follows: SECTION 1. The following institutions are hereby each designated as a depository (hereina~er "Depository") of public funds belonging to, or under the control of, the City of Anaheim or any office, department or agency of the city government pursuant to Section 705 of the City Charter: Bank of America 300 South Harbor Boulevard Anaheim, CA 92805 555 S. Flower Street Los Angeles, CA 90071 Califomia Federal Bank 198 W. Lincoln Avenue Anaheim, CA 92805 , Wells Fargo Bank 222 South Harbor Boulevard Anaheim, CA 92805 Union Bank of California 500 South Main Street Orange, CA 92668-4598 , Pacific Century Bank 100 W. Lincoln Avenue Anaheim, CA 92805 f:\homeXlgrangerXstaffreptXsfbanks00 .doc A change of name or address, or merger or reorganization, by any Depository specified herein shall not affect the designation of such institution as an authorized depository of the City unless such authorization is expressly revoked by an amendment to or repeal of this resolution. SECTION 2. Provided the City Council has heretofore approved, or hereinafter approves, the execution of a depository agreement for each Depository specified in Section 1 of this Resolution (the "Depository Agreement"), the City Treasurer of the City of Anaheim, or such other officer of the City as may be consistent with the City Charter, be, and the same is hereby, authorized to (i) sign signature cards and deposit them with the Depository, (ii) establish City accounts with the Depository consistent with the provisions of the Anaheim City Charter and the applicable Depository Agreement, and (iii) deposit public funds of the City in said accounts and perform such other functions or duties as authorized or required by the provisions of the Anaheim City Charter, the applicable Depository Agreement, or other applicable provisions of law. SECTION 3. The Mayor, Finance Director and City Treasurer be, and they are hereby, authorized to sign signature cards and deposit them with the Depository, and that they be, and they are hereby, authorized to sign all warrants, demands, drafts, checks and other documents consistent with all applicable provisions of the Anaheim City Charter and necessary or required for the deposit in, or withdrawal from, the accounts established with said Depository and within which public funds of the City shall from time to time be deposited. SECTION 4. The officers hereinabove designated may affix their respective signatures to any warrants, demands, drafts, checks or other documents through the use of a facsimile signature machine. SECTION 5. The City of Anaheim, a validly existing charter city under the laws of the State of California, be and it hereby is, authorized and empowered to open and maintain accounts for the purchase and sale of investment instruments ("Securities") consistent with the City of Anaheim Charter, State and Federal law, and the Statement of Investment Policy, and that the City Treasurer or her or his designated representative (as indicated in the Statement of Investment Policy) be, and hereby is, authorized as the only person(s) authorized to buy or sell Securities. f:\home\lgrangerXstaffreptXsfbanks00.doc SECTION 6. Financial institutions and corporations which the City, at the direction of the City Treasurer, has opened an account ("the financial institutions") are authorized to receive from the City, checks and drafts drawn upon the funds of the City by the City Treasurer or her or his designated representative, or monies paid to the City and to apply the same to the credit of the City or to its account with the financial institutions and said financial institutions are authorized to receive from said City Treasurer the City bonds or securities for the account of the City. SECTION 7. The City Treasurer is authorized to provide instructions to financial institutions regarding the delivery of securities to the account of the City; and the City Treasurer shall have the fullest authority at all times with reference to any transaction deemed by her or him to be proper to make or enter into for or on behalf of the City with the financial institutions provided that such transactions comply with the City of Anaheim Charter, State and Federal law, and the Statement of Investment Policy applicable to such transactions. SECTION 8. All confirmations, notices and demands upon this organization may be delivered by the financial institutions verbally or in writing, by telegraph or telephone to the City Treasurer and she or he is authorized to empower any person, or persons, that she or he deems proper, at any time or times, to do any and all things that she or he is hereinbefore authorized to do. SECTION 9. This resolution shall supersede Resolution No. 97R-45, and the provisions of any other prior resolution or actions of the City Council inconsistent with the provisions hereof. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 15oh day of February ,2000. M~YOR OF T~~CI~TY~EIM ATTEST: CI THE CITY OF ANAHEIM f:~home\lgrangerNstaffreptXsfbanks00 .doc STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 2000R-29 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 15th day of February, 2000, by the following vote of the members thereof: AYES: MAYOR/COUNCIL MEMBERS: Feldhaus, Kring, Tait, McCracken, Daly NOES: MAYOR/COUNCIL MEMBERS: None ABSENT: MAYOR/COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Resolution No. 2000R-29 on the 15th day of February, 2000. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 15th day of February, 2000. o¢,~--~ ~ F THE CITY OF ANAHEIM (SEAL) I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 2000R-29 was duly passed and adopted by the City Council of the City of Anaheim on February 15th, 2000. CITY CL~ OF THE CITY OF ANAHEIM