HomeMy WebLinkAboutRES CC 2021 4027 2021 0707RESOLUTION NO. 2021-4027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZING INVESTMENT
OF CITY MONIES IN THE VENTURA COUNTY
INVESTMENT POOL, AND RESCINDING RESOLUTION
NO. 2020-3917
WHEREAS, the Investment Policy of the City of Moorpark states that excess City
funds may be invested in accordance with the principals of sound treasury management
and the provisions of California Government Code Section 53600, et seq., the Municipal
Code and this policy; and
WHEREAS, the Investment Policy of the City of Moorpark further states that the
City Treasurer may invest in a County Pooled Investment Funds in accordance with the
laws and regulations governing those Funds and State Law per Government Code
Section 53684; and
WHEREAS, the Ventura County Treasurer-Tax Collector has established an
investment pool for local agencies, regulated by Government Code Section 53684 and
adopted by the Ventura County Board of Supervisors on July 21, 1987; and
WHEREAS, on April 7, 2004 City Council adopted Resolution No. 2004-2176
which authorized the investment of excess city funds in the Ventura County Investment
Pool; and authorized the City Manager, City Treasurer and Budget and Finance
Manager to order the deposit and withdrawal of monies from the City's account; and
WHEREAS, on June 3, 2020 City Council adopted Resolution No. 2020-
3917 which authorized the City Manager, Assistant City Manager, Finance Director /
City Treasurer and Deputy Finance Director to order the deposit and withdrawal of
monies from the City's account; and
WHEREAS, the list of City Officers authorized to order the deposit and
withdrawal of monies from the City's Ventura County Investment Pool account should
be updated to reflect the organization changes.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council does hereby authorize the deposit and withdrawal
of City monies in the Ventura County Investment Pool Fund in accordance with the
provision of Government Code Section 53684; and
Resolution No. 2021 -4027
Page 2
SECTION 2 . The following City Officers holding the title(s) specified hereinbelow
or their successors in office are each hereby authorized to order the deposit or
withdrawal of monies in the Ventura County Investment Pool Fund and may execute
and deliver any and all documents necessary or advisable in order to effectuate the
purposes of this resolution and truncations contemplated hereby:
City Manager
Assistant City Manager
Finance Director/City Treasurer
SECTION 3. Resolution No. 2020-3917 shall be rescinded, and this new
resolution shall remain in full force and effect until rescinded by the City Council by
resolution and a copy of the resolution rescinding this resolution is filed with the Ventura
County Auditor-Controller's Office and Office of the Ventura County Treasurer-Tax
Collector.
SECTION 4 . The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 7th day of July 2021 .
~~ Jan'eS.Parvin, Mayor
ATTEST:
Resolution No. 2021-4027
Page 3
STATE OF CALIFORNIA
COUNTY OF VENTURA
CITY OF MOORPARK
ss.
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify
under penalty of perjury that the foregoing Resolution No . 2021-4027 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 7th day of July,
2021, and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers Castro, Enegren, Groff, Pollock, and Mayor Parvin
None
None
None
WITNESS my hand and the official seal of said City this 7th day of July, 2021.
(seal)