2015-16 V
RESOLUTION NO. 2015-16 .
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, Finance Director and Principal
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 as follows:
Position Individual Name
City Manager G. Harold Duffey
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 authorised 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.
Section 5 -The City Clerk shall certify to the adoption of this resolution.
RESOLUTION NO. 2015-16 PAGE 1 OF 2 JUNE 9, 2015
PASSED,APPROVED AND ADOPTED this 91h day of June, 2015.
ATTEST:
Pat Jacq e - ar , City erk arcy McNabo , ay
or
City of Grand T ace of' errace
I, Pat Jacquez-Nares, City Clerk of the City of Grand Terrace, do hereby certify that
Resolution No. 2015-16 was introduced and adopted at a regular meeting of the City Council of
the City of Grand Terrace held on the 9th day of June, 2015,by the following vote:
AYES: Council Members Mitchell, Hussey, Wilson, Mayor Pro Tern Robles,
Mayor McNaboe
NOES: None
ABSENT: None
ABSTAIN: None '
Pat Ja ue e ity e
Approved as to form:
Richard L. Adams, City Attorney
RESOLUTION NO. 2015-16 PAGE 2 OF 2 JUNE 9, 2015