Reso 1985-438RESOLUTION NO. Y,5-- 41-0
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY
DISTRICT ELECTING TO PROCEED UNDER SECTION 6801, HEALTH AND
SAFETY CODE, RELATING TO THE ADMINISTRATION OF DISTRICT FUNDS;
CREATING AN ACCOUNT OR ACCOUNTS WITH AN INSTITUTIONAL LENDER AS
A DEPOSITORY FOR DISTRICT FUNDS; PROVIDING FOR METHODS AND MEANS
OF WITHDRAWAL OF SAID FUNDS; APPOINTING A TREASURER FOR THE
DISTRICT AND SETTING THE PRINCIPAL AMOUNT OF THE SURETY BOND TO
BE PROVIDED FOR BY THE TREASURER; AND ADOPTING A POLICY FOR THE
ADMINISTRATION OF DISTRICT FUNDS.
THE BOARD OF DIRECTORS OF THE COSTA MESA SANITARY DISTRICT, ORANGE
COUNTY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
THAT WHEREAS, the funds of the District have heretofore been
collected, administered, paid out, and invested by the Treasurer for the
County of Orange pursuant to Division 6, Part 1, Chapter 7, Article 6
of the Health and Safety Code, being Section 6780, through the use of
the County Assessor's roll; and
WHEREAS, the District desires to administer, invest, and disburse
its funds as collected by the Treasurer for the County of Orange as
heretofore set forth and as authorized by Section 6801 of the Health and
Safety Code; and
WHEREAS, the District intends by this Resolution to so advise
the Treasurer for the County of Orange and to set forth provisions with
respect to the administration of District funds, the establishment of
an account or accounts with qualified institutional lender or lenders,
the withdrawal or investment of the surplus of said funds, the appointment
of a treasurer for the District, the setting of the principal amount of
surety bond of the treasurer and adopting a policy for the administration
of District funds.
NOW, THEREFORE, BE IT RESOLVED that the County Treasurer for the
County of Orange be advised by certified copy of this Resolution of the
-1-
District's intention to administer, pay out, invest, and otherwise be
responsible for the handling of District funds collected by the County
pursuant to Sections 6780 through and including 6787, Health and Safety
Code; and
BE IT FURTHER RESOLVED that the District Finance Director be and
is hereby appointed Treasurer for the District with authority to act for
the District as herein provided from and after the posting of the surety
bond hereinafter provided for, said appointment to be at the pleasure of
the Board of Directors of the District; and
BE IT FURTHER RESOLVED that on or before the first day of October
of each calendar year the District Treasurer shall post with the District
Board a surety bond written by a surety compnay approved by the Board of
the District in a principal amount as shall be established by the District
Board, the premium for said bond to be paid by the District and the principal
amount to be determined as an amount reasonably calculated to protect the
District against financial loss of funds in the hands of the District
Treasurer; and
BE IT FURTHER RESOLVED that when the Treasurer has been qualified
to act.as provided for herein, he be authorized and directed to open an
account or accounts in institutional depositories qualifying pursuant to
Sections 53530 through and includi',ng 53683, Government Code, for the
purpose of adminstering District funds; and
BE IT FURTHER RESOLVED that District funds be withdrawn or paid
out only after approval of the Board of the District on written order
duly executed by the President and the Secretary of the Board and entered
in the minutes of the Board and specifying the name of the payee, fund
from which payment is to be made, and the purpose for which payment is
being made; and
-2-
BE IT FURTHER RESOLVED that the signature of the Treasurer and the
Board Secretary jointly be required on any instrument withdrawing funds
from District accounts and that a facsimile signature may be used for this
purpose; and
BE IT FURTHER RESOLVED that the Treasurer of the District be charged
with the administration of and management of the funds of the District in
accordance with Sections 53630 through and including Section 53683 of the
Government Code as required by Section 6801 of the Health and Safety Code,
the enabling section of this Resolution; and
BE IT FURTHER RESOLVED that a policy statement embodying the pro-
visions of Sections 53630 through and including 53683 of the Government
Code be and is, by this Resolution, adopted as the method and means of
administering District funds; and
BE IT FURTHER RESOLVED that this Resolution shall not affect or
disturb the payment of existing improvement bond obligations which, by
the Indenture Agreement creating said obligations, require the Treasurer
of Orange County to make said payment from District funds and the District,
by this Resolution, reaffirms the authority of the Treasurer of the
County of Orange to continue the payment of said obligations from District
funds prior to any remittance to the District Treasurer; and
BE IT FURTHER RESOLVED that District reaffirms its election to
resort to the use of the County Tax Roll as provided for in Sections 6780
through and including 6787, Health and Safety Code, this Resolution being
applicable only to District funds being collected and paid over to the
County Treasurer as provided for by Section 6787, Health and Safety Code,
and authorized to be administered by the District as provided for in
Section 6801, Health and Safety Code; and
-3-
BE IT FINALLY RESOLVED that this Resolution shall only be effective
at such time as the operating agreement between the District and the City
of Costa Mesa is amended to provide for the services of the City Staff as
needed to implement all of the provisions of this Resolution.
PASSED AND ADOPTED this /2 day of 1985.
ATTEST:
i
Sec tary Pr sident
By: �� ✓r �,�'�.cJ
,ssistant Secretary
-4-
i
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
I, Florine T. Reichle, Assistant Secretary of the
Costa Mesa Sanitary District, hereb certify that the above
and foregoing Resolution No. 15-g? , was duly and regularly
passed and adopted by said Board of Directors at a regular
meeting thereof, held on the 12-tL day of .Deee,;�-7ae2 ,
19 fs' .
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the Seal of the Costa Mesa Sanitary District, this
13 zt, day of De T , 19 kJ—.
r
Assistant Secretary
Costa Mesa Sanitary District