2012-64 RESOLUTION NO. 2012 . 64
kw A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR FIRST
FINANCIAL EQUITY ACCOUNTS
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California, and
WHEREAS, the First Financial Equity is a brokerage firm under the laws of the
United States; and
WHEREAS, the City of Grand Terrace needs to update its deposit agreement
and signature card with First Financial Equity Money Market Fund; and
WHEREAS, the City designates the City Manager, Acting City Manager, if so
designated, City Clerk and Interim Finance Director as authorized signers on all
accounts held with First Financial Equity and the First Financial Equity Money Market
Fund, and
WHEREAS First Financial Equity requires the City to adopt a corporate
resolution and authorization to designate authorized signers on all 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 First
Financial Equity are hereby revoked.
Section 2 - Authorized signers on First Financial Equity accounts are:
Position Individual Name
City Manager Betsy Adams
City Clerk Tracey R. Martinez
Interim Finance Director Steve Elam
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 - Interest payments, withdrawals and matured investments may only to
transferred or paid to bank accounts in the name of the City of Grand Terrace.
ff PASSED, APPROVEDAND ADOPTED this 13t" day of November, 2012.
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RESOLUTION NO. 2012- 54
Page 2
ATTEST: {�
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City Clerkk thee City off Gran
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I, TRACEY MARTINEZ, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2012-64 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 S[anckiewi[z
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk bb
Approved to rm:
z
City Attorney