2012-59 RESOLUTION NO. 2012- 59
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR BANK OF
AMERICA BANK ACCOUNTS
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 needs to update its signature card(s)
periodically with Bank of America due to changes in city staff or changes in staff duties;
and
WHEREAS, the City Council designates the City Manager, Acting City Manager,
if so designated, City Clerk, Interim Finance Director and Community Development
Director as authorized signers on 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 for the
City of Grand Terrace with Bank of America are hereby revoked.
Section 2 - Authorize account signers on Bank of America accounts as:
Position Individual Name
City Manager Betsy M. Adams
City Clerk Tracey R. Martinez
Interim Finance Director Steve Elam
Community Development Director Richard Shields
Section 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.
Section 4 - 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.
RESOLUTION NO. 2012-59
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PASSED, APPROVED AND ADOPTED this 131h day of November, 2012.
ATTEST:
,. F
City Clerk*the of Grand�rrace Mayor OTWeClty of Grand Terrace
I, TRACEY MARTINEZ, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2012-59 was introduced and adopted at a regular meeting of the
City Council of the City of Grand Terrace on the 13th day of November, 2012, by the
following vote:
AYES: Councilmembers Hays, McNaboe and Sandoval; Mayor Pro Tem Garcia
Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk 0
Approved as to f
City Attorney