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2022-04 RESOLUTION NO. 2022-04 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; 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 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 City Manager Konrad Bolowich 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. 2022-04 Page 1 of 2 January 11, 2022 Section 4. 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 11th day of January 2022. arcy M ayor EST: ebra L. Thomas City Clerk APPROVED AS TO FORM: Adrian Guerra City Attorney CC Reso No. 2022-04 Page 2 of 2 January 11, 2022 ., `, // iI ` , 1. ;�� � ' ��� ' t�� �� ���� �� �/� � r� ��-�i�� %I(, �� �1 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. 2022-04 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 11 th day of January 2022, and that the same was passed and adopted by the following vote: AYES: Council Members Allen, Wilson, Robles; Mayor Pro Tern Hussey, Mayor McNaboe NOES: None. ABSENT: None. ABSTAIN: None. Executed this 121h day of January 2022, at Grand Terrace, California. ebra L. Thomas City Clerk