2014-01 ` RESOLUTION NO. 2014-01 SA
` A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY, AUTHORIZING SIGNERS FOR THE BANK OF
AMERICA BANK ACCOUNT FOR THE SUCCESSOR AGENCY OF
GRAND TERRACE COMMUNITY REDEVELOPMENT AGENCY
WHEREAS, the Successor Agency of the Grand Terrace Community
Redevelopment Agency ("Successor Agency") is a public agency 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 Board of Directors of the Successor Agency desires to establish
a separate bank account for funds of the Successor Agency of the Grand Terrace
Community Redevelopment Agency; and
WHEREAS, the Board of Directors of the Successor Agency designates the
Interim Agency Director, Agency Finance Director and Agency Principal Accountant as
authorized signers on the Bank of America bank accounts; and
WHEREAS, Bank of America requires the Successor Agency to adopt a
corporate resolution and authorization to designate authorized signers on bank
accounts;
THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY
HEREBY RESOLVES THE FOLLOWING:
Section 1 -All previous resolutions of designated authorized signers with Bank of
America are hereby revoked.
Section 2 — Authorized account signers on Bank of America accounts are as
follows:
Position Individual Name
Interim Agency Director Kenneth J. Henderson
Agency Finance Director Cynthia A. Fortune
Agency Principal Accountant Domilena R. Gonzales
Section 3 - Any one of the individuals named as an authorized signer acting on
behalf of the Successor Agency, is authorized to execute documents on behalf of the
City.
RESOLUTION NO. 2014- 01 SA
Page 2
Section 4 - Any two of the individuals named as authorized signers acting on
behalf of the Successor Agency, are authorized to sign checks on behalf of the City.
PASSED, APPROVED AND ADOPTED this 281h day of January, 2014.
ATTEST:
_ d --
Agency Secretary Chairman of the Board of the Successor
Agency
I, Charlene L. Sherwood , Agency Secretary, do
hereby certify that Resolution No. 2014-01 SA was introduced and
adopted at a regular meeting of the Board of Directors of the Successor Agency of the
Grand Terrace Community Redevelopment Agency, on the 28r" day of January, 2014,
4W by the following vote:
AYES: Council Members McNaboe, Mitchell, Robles and Mayor
Stancidewitz
NOES: None
ABSENT: None
ABSTAIN: None
r - L'&
gency Secretary
Approved as to form:
(�3 - /L-
Apncy Counsel