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2013-02 RESOLUTION NO. 2013-02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR BANK OF AMERICA BANK ACCOUNT FOR CITY OF GRAND TERRACE AS SUCCESSOR AGENCY OF GRAND TERRACE COMMUNITY REDEVELOPMENT AGENCY 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 desires to establish a separate bank account for funds of the City of Grand Terrace as Successor Agency of the City of Grand Terrace Community Redevelopment Agency; and WHEREAS, the City Council designates the City Manager, City Clerk, Finance Manager and Accountant as authorized signers on the 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 with Bank of America are hereby revoked. Section 2 - The foregoing is a complete, true and correct resolution adopted by the City Council of the City of Grand Terrace and that the resolution is still in full force and effect and has not been amended or revoked and does not exceed the objects or powers of the City Council of the City of Grand Terrace. Section 3 - The persons below are authorized account signers and are authorized to execute any banking documents, certificate of incumbency, tax information certificate and authorization as needed: Position Individual Name City Manager Betsy M. Adams City Clerk Tracey R. Martinez Finance Manager Cynthia A. Fortune Accountant Domilena R. Gonzales \ r RESOLUTION NO. 2013-02 Page 2 Section 4 - 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 5 - 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. Section 6 - The City Clerk shall certify to the adoption of this resolution. PASSED, APPROVED AND ADOPTED this 8th day of January, 2013. ATTEST: City Clerk the tity of Gran errace Mayor of the City of Grand Terrace I, TRACEY MARTINEZ, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2013-02 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 8th day of January, 2013, by the following vote: AYES: Councilmembers McNaboe, Mitchell and Robles; Mayor Pro Tem .Sandoval and Mayor Stanckiewitz NOES: None ABSENT: None ABSTAIN: None City Clerk Approved as to form: . City Attorney ► r