2015-15 v
RESOLUTION NO. 2015-15
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS
FOR CALIFORNIA ASSET MANAGEMENT PROGRAM
WHEREAS, the City of Grand Terrace is a municipal corporation established under the
laws of the State of California; and
WHEREAS, the California Asset Management Trust was established pursuant to and in
accordance with Joint Powers Exercise of Powers Act, by a Declaration of Trust, made as of
December 15, 1989 and as subsequently amended, as a vehicle for public agencies to jointly
exercise their common power to invest bond proceeds and other funds; and
WHEREAS, the California Asset Management Program is an authorized investment
under the investment policy of the City and under Government Code Section 53600; and
WHEREAS, the City of Grand Terrace periodically needs to update its authorized signers
with the California Asset Management Program; and
WHEREAS, authorized signers will have the authority to deposit and withdraw funds
with the California Asset Management Program on behalf of the City; and
WHEREAS, deposits and withdrawals may only come from designated, authorized City
operating and City investment accounts; and
WHEREAS, California Asset Management Program requires the City to adopt a
resolution to change authorized signers on the account; and
THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY
RESOLVES THE FOLLOWING:
Section 1 - All previous resolutions of designated authorized signers with the California Asset
Management Program are hereby revoked.
Section 2 - Authorized signers on the California Asset Management Program account are as
follows:
Position Individual Name
City Manager G. Harold Duffey
Finance Director Cynthia A. Fortune,
Principal Accountant Domilena R. Gonzales.
RESOLUTION NO. 2015-15 PAGE 1 OF 2 JUNE 9, 2015
Section 3 - Any one of the named individuals is authorized to sign on behalf of the City of
Grand Terrace and is authorized to execute documents on behalf of the City.
Section 4 -The City Clerk shall certify to the adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 9"day of June, 2015.
ATTEST:
V
Pat Jacquez- res, ity k Darcy cNabo ayor
City of Gran Terr ce City of Gr errace
I, Pat Jacquez-Nares, City Clerk of the City of Grand Terrace, do hereby certify that
Resolution No. 2015-15 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 Tem Robles,
Mayor McNaboe
NOES: None
ABSENT: None
ABSTAIN: None
Pat Jacquez- a es, ity C er
Approved as to form:
Richard L. Adams, City Attorney
RESOLUTION NO. 2015-15 PAGE 2 OF 2 JUNE 9, 2015