2012-60 Car RESOLUTION NO. 2012 - 60
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR CALIFORNIA
ASSET MANAGEMENT PROGRAM
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California; and
WHEREAS, the California Asset Management Trust was established pursuant to
and in accordance with Joint Powers Exercise of Powers Act, by a Declaration of Trust,
made as of December 15, 1989 and as subsequently amended, as a vehicle for public
agencies to jointly exercise their common power to invest bond proceeds and other
funds; and
WHEREAS, the California Asset Management Program is an authorized
investment under the investment policy of the city and under government code section
53600; and
WHEREAS, the City of Grand Terrace periodically needs to update its authorized
signers with the California Asset Management Program; and
�. WHEREAS, authorized signers will have the authority to deposit and withdraw
funds with the California Asset Management Program on behalf of the City; and
WHEREAS, deposits and withdrawals may only come from designated,
authorized City operating and City investment accounts; and
WHEREAS, California Asset Management Program requires the City to adopt a
resolution to change authorized signers on the account; and
THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY
RESOLVES THE FOLLOWING:
Section 1 - All previous resolutions of designated authorized signers with the
California Asset Management Program are hereby revoked.
Section 2 -Authorized signers on the California Asset Management Program account
are:
Position Individual Name
City Manager Betsy M. Adams
City Clerk Tracey R. Martinez
Interim Finance Director Steve Elam
RESOLUTION NO. 2012 - 60
Section 3 - Any one of the named individuals is authorized to sign on behalf of the
City of Grand Terrace and is authorized to execute documents on behalf of the City.
PASSED, APPROVED AND ADOPTED this 13th day of November, 2012.
ATTEST: \
�AfAC I/ 1n AIL/ )
City Clerk(Af the City of Grand mace Mayor of the City of Grand Terrace
I, TRACEY MARTINEZ, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2012-60 was introduced and adopted at a regular meeting of
the City Council, as the Successor Agency of the former Grand Terrace Community
Redevelopment Agency, on the 13" day of November, 2012, by the following vote:
AYES: Councilmembers Hays, McNaboe and Sandoval; Mayor Pro Tem Garcia
and Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk
Approved as to
City Attorney
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