HomeMy WebLinkAboutResolution 95-075RESOLUTION NO.95-75
APPROVING PROFESSIONAL SERVICES AGREEMENT WITH
PACIFIC INVESTMENT MANAGEMENT COMPANY TO
PROVIDE INVESTMENT MANAGEMENT SERVICES
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY
SANITATION DISTRICTS NOS.1,2,3,5,6,7,11,13 AND 14 OF ORANGE
COUNTY,CALIFORNIA,APPROVING A PROFESSIONAL SERVICES
AGREEMENT WITH PACIFIC INVESTMENT MANAGEMENT COMPANY TO
PROVIDE INVESTMENT MANAGEMENT SERVICES
WHEREAS,the surplus monies of the Districts have formerly been deposited with the
Orange County Treasurer for purposes of management and investment;and,
WHEREAS,the Boards of Directors have determined to remove all funds from the
Orange County Treasurer and assume direct control over the investment of all surplus
funds;and,
WHEREAS,the Boards of Directors have determined to retain the services of an
Investment Manager to provide professional counsel and advice on decisions regarding the
management and investment of their surplus funds.
NOW,THEREFORE,the Boards of Directors of County Sanitation Districts Nos.1,2,3,
5,6,7,11,13 and 14 of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That certain Investment Management Agreement between the Districts and
Pacific Investment Management Company dated to be effective July 1,1995,is hereby
approved.
Section 2 That the General Manager,or his designee,is authorized to execute the
Agreement with Pacific Investment Management Company,approved herein,together with
any and all other documents and instruments,to implement the provisions of said
Agreement,all of which shall be in a form approved by the Districts’General Counsel.
PASSED AND ADOPTED at a regular meeting held June 28,1995.
~
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE
I,PENNY KYLE,Secretary of the Boards of Directors of County Sanitation Districts
Nos.1,2,3,5,6,7,11,1 3 and 14 of Orange County,California,do hereby certify that
the foregoing Resolution No.95-75 was passed and adopted at a regular meeting of said
Boards on the 28th day of June,1995,by the following vote,to wit:
AYES:George Brown,John Collins,John C.Cox,Jr.,Jan Debay,Barry
Denes,Shirley Dettloff,Burnie Dunlap,Norman Z.Eckenrode,James
M.Ferryman,James H.Flora,Don R.Griffin,John M.Gullixson,Barry
Hammond,Victor Leipzig,Wally Linn,Pat McGuigan,Jim Potts,
Margie L.Rice,Julie Sa,Sal A.Sapien,Sheldon S.Singer,Roger R.
Stanton,William G.Steiner,Peer A.Swan,Charles E.Sylvia,Bob
Zemel
NOES:None
ABSENT:Cecilia L.Age,Mark A.Murphy
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of
County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7,11,1 3
and 14 of Orange County,California,this 28th day of June,1 995.
Penny Kyle,S94~fa7~7
Boards of Dire~€r~ounty Sanitation Districts
Nos.1,2,3,5,6,,11,13 and 14 of
Orange County,California
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