HomeMy WebLinkAbout06 JEFFRIES TREASURER 06-19-00DATE: JUNE 19, 2000
TO:
FROM'
SUBJECT:
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
CITY ATTORNEY
FORMAL REAPPOINTMENT OF GEORGE W. JEFFRIES AS CITY TREASURER
AND RENEWAL OF AGREEMENT BETWEEN THE CITY AND GEORGE W.
JEFFRIES AND ASSOCIATES, INC.
SUMMARY; The City Attorney is recommending that the City Council adopt a
Resolution reappointing George W. Jeffries as City Treasurer for calendar year 2000.
RECOMMENDATION:
It is recommended that the City Council adopt the attached Resolution and authorize the
Mayor to execute Amendment No. 2 to the Agreement for the professional services of
George W. Jeffries, CCMT.
FISCAL IMPACT:
There is no fiscal impact with this action.
BACKGROUND:
In February of last year, the City Council reappointed Mr. Jeffries as Treasurer and
delegated to him the authority to invest surplus City funds. The City also entered into
an Agreement with George W. Jeffries and Associates, Inc., for the services of Mr.
Jeffries. The delegation of investment authority to a City Treasurer may only be for a
one (1) year period. Subject to the City Council's review each year, the City may renew
the delegation of authority (Government Code Section 53607). Accordingly, the City
cannot automatically renew Mr. Jeffries' appointment, nor can it enter into a contract
with him for a term of more than one (1) year. Pursuant to the Government Code, the
City Council must authorize the continued services of Mr. Jeffries as City Treasurer for
2000, and it must do so by formally adopting a resolution delegating that authority to
him. Additionally, the City Council must renew the contract between the City and
George W. Jeffries and Associates, Inc. By the approval of these two items, the City
Council completes the formalities of the delegation for 2000.
ATTACHMENTS'
Resolution Reappointing George W. Jeffries as City Treasurer for Calendar Year 2000
20646\1
120647~1
1
2
3
4
5
6
7
8
9
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RESOLUTION NO. - 00-34
A RESOLUTION oF THE CITY COUNCIL OF THE CITY OF
TUSTIN, REAPPOINTING GEORGE W. JEFFRIES AS CITY
TREASURER FOR CALENDAR YEAR 2000
WHEREAS, the City Council has retained George W. Jeffries as City Treasurer since
1996 and is satisfied with his services; and
WHEREAS, George W. Jeffries desires to continue to serve in 2000 as City Treasurer
in the capacity of an independent contractor; and
WHEREAS, an agreement for the services of George W. Jeffries was approved in
1998, and the agreement permits its term to be extended.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA,
resolves as follows:
SECTION 1' Effective January 1, 2000, George W. Jeffries is hereby
reappointed City Treasurer pursuant to the Agreement for the Services of George W.
Jeffries, which is attached hereto as Exhibit "A." Amendment No. 2, which is also attached
hereto as Exhibit "A," is hereby approved for execution by the Mayor.
SECTION 2' Mr. Jeffries shall continue to coordinate his activities with the
Finance Department and other City departments.
SECTION 3' Mr. Jeffries shall continue to invest surplus City funds and provide
reports of such investments in accordance with Section 1612 of the Tustin City Code, the
approved investment policy, all applicable provisions of state law, including Government
Code Sections 53600.3 and 53600.5, and as may be further directed by the City Council.
SECTION 4: Mr. Jeffries shall also perform the City Treasurer's duties as
specified by state law, and in the job description attached to the Agreement.
SECTION 5'
The bond required of the City Treasurer shall be paid by the City.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin
on the 19th day of June, 2000.
ATTEST:
JEFFERY M. THOMAS, MAYOR
PAMELA STOKER
CITY CLERK
120647\1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
2O
21
22
23
24
25
26
27
28
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
RESOLUTION NO. 00-34
Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, does hereby certify that the whole number of the members of the City Council of
the City of Tustin is five; that the above and foregoing Resolution was passed and adopted at
a regular meeting of the City Council held on the 19th day of June, 2000, by the following
vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
PAMELA STOKER
City Clerk
-2-
EXHIBIT A
Agreement for the Services of
George W. Jeffries
and
Amendment No. 2 to the
Agreement for the Services of
George W, Jeffries
20661\1
AMENDMENT NO. 2
TO THE
AGREEMENT FOR THE SERVICES OF
GEORGE W. JEFFRIES
This Amendment No. 2 is made and entered into to be effective the 1st day of
January, 2000, by and between the CITY OF TUSTIN ("City") and GEORGE W.
JEFFRIES & ASSOCIATES, INC., ("Contractor").
1. City and Contractor originally entered into the Agreement for Services of
George W. Jeffries on January 1, 1998 (the "Agreement").
.
The Agreement permits the renewal of its term on an annual basis.
3. As permitted by Section 3 of the Agreement, the term of the Agreement
was renewed by Amendment No. 1, so as to commence on January 1, 1999, and to
terminate on the day after the first regular meeting of the City Council in January, 2000.
NOW, THEREFORE, based upon the mutual covenants and promises herein,
the parties agree as follows:
AGREEMENT
1. As permitted by Section 3 of the Agreement, the term of the Agreement is
renewed so as to commence on January 1, 2000, and to terminate on the day after the
first regular meeting of the City Council in January, 2001.
2. Except as provided
Agreement shall remain unchanged.
herein, all other terms and conditions of the
3. Each signatory to this Amendment No. 2 hereby warrants and represents
that he/she has been authoriZed to enter into this Amendment No. 2 on behalf of the
entity for whom they sign.
CONTRACTOR:
George W. Jeffries & Associates, Inc.
By:
Name:
Title:
120659\1
05/16~OO
CITY:
City of Tustin
ATTEST:
By:
Jeffery M. Thomas, Mayor
By:
Pamela Stoker, City Clerk
APPROVED AS TO FORM:
Lois E. Jeffrey,--Ciffy Attorl~y
05/16/0O
120659\1 2