HomeMy WebLinkAboutRES CC 2022 4138 2022 1005 i 1
RESOLUTION NO. 2022-4138
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, DELEGATING CITY
INVESTMENT AUTHORITY TO THE CITY TREASURER
FOR A ONE YEAR PERIOD
WHEREAS, pursuant to Article 1 of Chapter 4 of Part 1 of Division 2 of Title 5 of
the California Government Code, including but not limited to, Sections 53601 and 53607
therein, the authority to invest and reinvest funds of the City, and to sell or exchange
securities so purchased for investment, is vested in the City Council; and
WHEREAS, pursuant to and in accordance with, and to the extent allowed by,
Section 53607 of the California Government Code, such investment authority may be
delegated by the City Council to the City Treasurer for a one (1) year period, renewable
annually subject to review; and
WHEREAS, on October 5, 2022, a staff report was presented to the City Council
requesting the annual delegation of investment authority to the City Treasurer; and
WHEREAS, through said delegation the City Treasurer is responsible for
implementation of the City's Investment Policy in compliance with applicable California
Government Code Sections and the Moorpark Municipal Code.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council, for itself and as the legislative body of the Related
Entities, hereby delegates its investment authority with respect to the funds of the City
and the Related Entities to the City Treasurer (acting in the capacities of City Treasurer
and treasurer of the Related Entities).
SECTION 2. The City Clerk shall certify to the adoption of the resolution and shall
cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 5th day of October, 2022.
Janie S. Parvin, Mayor
—„- t K C
ATTEST: o�' -a<,*
s
Ky Spangl r Cit Cle z , _.
o44rk ^t•
d suL,�{
Resolution No. 2022-4138
Page 2
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify
under penalty of perjury that the foregoing Resolution No. 2022-4138 was adopted by the
City Council of the City of Moorpark at a regular meeting held on the 5th day of October,
2022, and that the same was adopted by the following vote:
AYES: Councilmembers Castro, Enegren, Groff, and Mayor Parvin
NOES: None
ABSENT: Councilmember Pollock
ABSTAIN: None
WITNESS my hand and the official seal of said City this 6th day of October, 2022.
Ky Span I r ity k
(seal)lic
Q �4 v
�Zro
-,,\\\
44
F . !
fi