2021-31 RESOLUTION NO. 2021-31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR THE CITY OF
GRAND TERRACE DEFERRED COMPENSATION PLAN WITH
EMPOWER RETIREMENT
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California ("City"); and
WHEREAS, Empower Retirement is a retirement services provider in the United
States; and
WHEREAS, the City of Grand Terrace needs to update its deposit agreement
and signature card with Empower Retirement; and
WHEREAS, the City designates the Interim City Manager and Interim Finance
Director as authorized signers on the City of Grand Terrace Deferred Comp Plan with
Empower Retirement; and
WHEREAS Empower Retirement requires the City to adopt a corporate
resolution and authorization to designate authorized signers for the City's Deferred
Compensation Plan on behalf of its plan participants;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Grand
Terrace, as follows:
Section 1. All previous resolutions of designated authorized signers with
Empower Retirement are hereby revoked.
Section 2. Authorized signers on EMPOWER Retirement accounts are as
follows:
Position Individual Name
Interim City Manager G. Michael Milhiser
Interim Finance Director Terry Shea
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.
CC Reso No. 2021-31 Page 1 of 2 August 10, 2021
Section 4. This Resolution shall take effect immediately upon its adoption and
the City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand
Terrace, California, at its regular meeting held on the 10th day of A gust 2021.
Darc M Nab
Mayor
ATTEST:-
ebra L. Thomas
-City Clerk
APPROVED AS TO ORM:
Adrian Guerra
City Attorney
CC Reso No. 2021-31 Page 2 of 2 August 10, 2021
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )
CITY OF GRAND TERRACE )
I Debra L. Thomas, City Clerk of the CITY OF GRAND TERRACE, CALIFORNIA,
DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No. 2021-31
was duly passed, approved and adopted by the City Council, approved and signed by
the Mayor, and attested by the City Clerk, at the regular meeting of said City Council
held on the 10t" day of August 2021, and that the same was passed and adopted by the
following vote:
AYES: Council Members Allen, Wilson, Robles; Mayor McNaboe
NOES: None.
ABSENT: Mayor Pro Tern Hussey
ABSTAIN: None.
Executed this 12th day of August 2021, at Grand Terrace, California.
ebra L. Thomas
City Clerk