RESOLUTION NO. 11522
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE RESCINDING RESOLUTION
NO. 11387
WHEREAS, the City Council of the City of Orange creates boards, committees, and commissions and appoints members thereof to assist in carrying out the City’s business and to further the public interest; and
WHEREAS, Resolution No. 11387 merged the previously separated Audit Committee and Investment Advisory Committee; and
WHEREAS, both audit and investment advisory functions are imperative to promote the City’s fiscal health; and
WHEREAS, the City Council recognizes the unique components of both Committees regarding financial management fields; and
WHEREAS, the City Council desires to separate the Investment and Audit Committee, and establish the I nvestment Advisory Committee and Audit Advisory Committee by adopting new Orange Municipal Code sections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as follows:
• That Resolutions No. 11387 is hereby repealed in its entirety.
ADOPTED this ____ day of ____________________, 2024
Daniel R. Slater, Mayor, City of Orange
ATTEST:
Pamela Coleman, City Clerk, City of Orange
APPROVED AS TO FORM:
Mike Vigliotta, City Attorney
2 STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ORANGE )
I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the day of , 2024 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
Pamela Coleman, City Clerk, City of Orang