2012-45 RESOLUTION NO. 2012- 45 SA
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR BANK OF
AMERICA BANK ACCOUNT FOR CITY OF GRAND TERRACE AS
SUCCESSOR AGENCY OF GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California; and
WHEREAS, Bank of America is a federally chartered bank under the laws of the
United States; and
WHEREAS, the City of Grand Terrace desires to establish a separate bank
account for funds of the City of Grand Terrace as Successor Agency of the City of
Grand Terrace Community Redevelopment Agency; and
WHEREAS, the City Council designates the City Manager, Acting City Manager,
if so designated, City Clerk and Finance Director as authorized signers on the Bank of
( America bank accounts; and
WHEREAS, Bank of America requires the City to adopt a corporate resolution
and authorization to designate authorized signers on bank accounts;
THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY
RESOLVES THE FOLLOWING:
Section 1 -All previous resolutions of designated authorized signers with Bank of
America are hereby revoked.
Section 2 - The foregoing is a complete, true and correct resolution adopted by
the City Council of the City of Grand Terrace and that the resolution is still in full force
and effect and has not been amended or revoked and does not exceed the objects or
powers of the City Council of the City of Grand Terrace.
Section 3 - The persons below are authorized account signers and are
authorized to execute any banking documents, certificate of incumbency, tax
information certificate and authorization as needed:
Position Individual Name
City Manager Betsy M. Adams
City Clerk Tracey R. Martinez
Finance Director Bernard Simon
ier Building and Safety/Public Works Director Richard Shields
RESOLUTION NO. 2012- as SA
Page 2
Section 4 - 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.
Section 5 - Any Two of the individuals named as authorized signers acting on
behalf of the City of Grand Terrace is authorized to checks on behalf of the City.
Section 6 - The City Clerk shall certify to the adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 14th day of August 2012.
ATTEST:
City Clerk cWthe City of GranckTerrace Mayor of the City of Grand Terrace
I, TRACEY MARTINEZ, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2012-45 SA was introduced and adopted at a regular meeting of
4 the City Council, as the Successor Agency of the former Grand Terrace Community
Redevelopment Agency, on the 14" day of August, 2012, by the following vote:
AYES: Councilmembers Sandoval, Hays and McNaboe; Mayor Pro Tem Garcia and
Mayor Stanckiewitz
NOES: None
ABSENT: None
p ABSTAIN: None
la1 C I C A 4ZV}Chd L�a l�
City Cl erg
Approved as to fo
ity Attorney