2009-29 RESOLUTION NO. 2009-29
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF GRAND TERRACE, CALIFORNIA,AUTHORIZING
SIGNERS FOR CITIBANK,N.A. BANK ACCOUNT
WHEREAS,the City of Grand Terrace is.a municipal corporation established under the
laws of the State of California; and
WHEREAS, Citibank is a federally chartered bank under the laws of the United States;
and
WHEREAS,the City of Grand Terrace wishes to update its deposit agreement and
signature card with Citibank; and
WHEREAS,the City designates the City Manager, Acting City Manager, if so
designated, City Clerk and Finance Director as authorized signers on the Citibank bank
accounts; and
WHEREAS, the adoption of this resolution is intended to provide authorization to .
. ' designate authorized signers on bank accounts and authorize staff to execute any all
documents as is necessary to open an account with Citibank,N.A;
THEREFORE; THE CITY COUNCIL OF THE CITY OF GRAND TERRACE
HEREBY RESOLVES THE FOLLOWING:
1) All previous resolutions of designated authorized signers with Citibank are hereby
revoked.
2) Authorized signers on Citibank accounts are:
Position Individual Name
City Manager (Vacant)
Acting City Manager Steve Berry
City Clerk. Brenda Mesa
Finance Director Bernard Simon
3) Any one of the individuals named as authorized signers acting on behalf of the City of
Grand Terrace is authorized to execute documents on behalf of the City.
4) Authorized amount of investment is the Federally Insured amount.
5),Interest payments, withdrawals and matured investments may only be transferred to
_ an account of the City of Grand Terrace or paid by a written demand payable to the
j City of Grand Terrace.
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APPROVED AND ADOPTED this 14th day of July, 2009
Ayes: Councilmembers Cor-tes, Miller & Stanckiewitz; Mayor Pro Tem Garcia &
Mayor Ferre
Noes: None
Abstain: None
Absent: None
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Mayor
ATTEST:
ity Clerk
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