2014-02 RESOLUTION NO. 2014-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR US BANK,
SAFEKEEPING ACCOUNT
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California; and
WHEREAS, the US Bank is a federally chartered bank under the laws of the
United States, and
WHEREAS, the City of Grand Terrace needs to update its deposit agreement,
signature card or notice of incumbency with US Bank, and
WHEREAS, the City designates the Interim City Manager, Finance Director and
Principal Accountant as authorized signers on the US Bank Safekeeping bank account;
and
WHEREAS US Bank requires the City to adopt a corporate resolution and
` Authorization to designate authorized signers on such 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 US Bank
are hereby revoked.
Section 2 - Authorized signers on US Bank accounts are as follows::
Position Individual Name
Interim City Manager Kenneth J. Henderson
Finance Director Cynthia A. Fortune
Principal Accountant Domilena R. Gonzales
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 - Authorized investment held in US Bank Safekeeping account must be
invested in accordance with permitted investments in California Government Code
Sections 53601 and 53635.
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RESOLUTION NO. 2014-02
Page 2
PASSED, APPROVED AND ADOPTED this 28" day of January, 2014.
ATTEST:
City Clerk of the City of Grand Terrace Mayor of th ity of Grand Terrace
I, Charlene L. Sherwood. Interim , City Clerk of the
City of Grand Terrace, do hereby certify that Resolution No. 2014-2 was
introduced and adopted at a regular meeting of the City Council of the City of Grand
Terrace, on the 28'h day of January, 2014, by the following vote:
AYES: Council Members McNaboe, Mitchell, Robles and Mayor
Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None City Clerk
Approved as to form:
City Attorney