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2013-05 —� RESOLUTION NO. 2013 - 05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNER 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, City Clerk, Finance Manager and Accountant 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 Finance Manager Cynthia A. Fortune 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 - Interest payments, withdrawals and matured investments may only to transferred or paid to bank accounts in the name of the City of Grand Terrace. PASSED, APPROVEDAND ADOPTED this 8t" day of January, 2013. RESOLUTION NO. 2013- 05 Page 2 ATTEST: City Clerk theCity'of GratTerrace Mayor of the City of Grand Terrace I, TRACEY MARTINEZ, City.Clerk of.the City of Grand Terrace, do hereby certify that Resolution No. 2013-05 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, Mithhell and Robles; Mayor Pro Tem Sandoval and Mayor Stanckiewitz NOES: None ABSENT: None ABSTAIN: None r- City Clerk Approved as to form: City Attorney