2015-14 RESOLUTION NO. 2015-14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNER
FOR BBVA BANCOMER, USA BANK ACCOUNT
WHEREAS, the City of Grand Terrace is a municipal corporation established under the
laws of the State of California; and
WHEREAS, the BBVA Bancomer USA 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 and
signature card with BBVA Bancomer USA; and
WHEREAS, the City designates the City Manager, Finance Director and Principal
Accountant as authorized signers on the BBVA Bancomer USA bank accounts; and
WHEREAS BBVA Bancomer USA 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 BBVA
Bancomer USA are hereby revoked.
Section 2 -Authorized signers on BBVA Bancomer USA 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 authorized to execute documents on behalf of the City.
Section 4 - Authorized amount of investment is $250,0001.or the federally insured limit
which ever is less.
Section 5 - 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 6 -The City Clerk shall certify to the adoption of this resolution.
RESOLUTION NO. 2015-14 PAGE 1 OF 2 JUNE 9, 2015
PASSED, APPROVED AND ADOPTED this 9th day of June, 2015.
ATTEST:
Pat Jacqu s fly
i2eil
ar Mc aboe, or
City of Grand Te 11ace 1 errace
I, Pat Jacquez-Nares, City Clerk of the City of Grand Terrace, do hereby certify that
Resolution No. 2015-14 was introduced and adopted at a regular meeting of the City Council of
the City of Grand Terrace, 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 Jacquez"areity Oe k
Approved as to form:
City Attorney
RESOLUTION NO. 2015-14 PAGE 2 OF 2 JUNE 9, 2015