2021-10 SA RESOLUTION NO. 2021-10
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY, AUTHORIZING SIGNERS FOR THE
BANK OF AMERICA BANK ACCOUNT FOR THE SUCCESSOR
AGENCY TO GRAND TERRACE COMMUNITY REDEVELOPMENT
AGENCY
WHEREAS, the Successor Agency to the Grand Terrace Community
Redevelopment Agency ("Successor Agency") is a public agency 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 Board of Directors of the Successor Agency desires to establish
a separate bank account for funds of the Successor Agency of the Grand Terrace
Community Redevelopment Agency; and
WHEREAS, the Board of Directors of the Successor Agency designates the
Successor Agency Interim Executive Director and Successor Agency Interim Finance
Director as authorized signers on the Successor Agency's Bank of America bank
accounts; and
WHEREAS, Bank of America requires the Successor Agency to adopt a
corporate resolution and authorization to designate authorized signers on bank
accounts;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Successor Agency to the Grand Terrace Community Redevelopment Agency, as
follows:
Section 1. All previous resolutions of designated authorized signers with Bank of
America are hereby revoked.
Section 2. Authorized account signers for the Successor Agency's Bank of
America accounts are as follows:
Position Individual Name
Successor Agency Interim Executive Director G. Michael Milhiser
Successor Agency Interim Finance Director Terry Shea
SA Reso No. 2021-10 Page 1 of 2 August 10, 2021
Section 3. Any one of the individuals named as an authorized signer acting on
behalf of the Successor Agency, is authorized to execute documents on behalf of the
City.
Section 4. Any two of the individuals named as authorized signers acting on
behalf of the Successor Agency, are authorized to sign checks on behalf of the City.
Section 5. This Resolution shall be effective immediately upon its adoption and
the Successor Agency Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED by the Board of Directors of the
Successor Agency to the Grand Terrace Community Redevelopment Agency at its
regular meeting held on the 10th day of August 2021.
Darcy McN
Chair of the Board of the Successor Agency
ATTEST:
. e ra L.Thomas
Successor Agency Secretary
APPROVED AS T ORM:
�k . .: ' . -
Adrian Guerra
Successor Agency Counsel
SA Reso No. 2021-10 Page 2 of 2 August 10, 2021
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )
CITY OF GRAND TERRACE )
I Debra L. Thomas, Successor Agency Secretary of the CITY OF GRAND
TERRACE, CALIFORNIA, DO HEREBY CERTIFY that the foregoing Resolution, being
Resolution No. 2021-10 was duly passed, approved and adopted by the Successor
Agency to the Community Redevelopment Agency, approved and signed by the Chair,
and attested by the City Clerk, at the regular meeting of said Successor Agency to the
Community Redevelopment Agency held on the loth day of August 2021, and that the
same was passed and adopted by the following vote:
AYES: Board Members Allen, Wilson, Robles; Chair McNaboe
NOES: None.
ABSENT: Vice-Chair Hussey
ABSTAIN: None.
Executed this 12th day of August 2021, at Grand Terrace, California.
1:5—ebra L. Thomas
Successor Agerrcy.Secr,etary