2001-04 RESOLUTION NO. 2001- 04
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF,
GRAND TERRACE, CALIFORNIA,AUTHORIZING THE CITY
MANAGER TO ACT ON BEHALF OF THE CITY WITH
RESPECT TO EXECUTING A MASTER BANKING
AGREEMENT AND OTHER NECESSARY BANKING
DOCUMENTS AND ACCOUNTS
WHEREAS, the City Manager is the designated Treasurer for the City of Grand
Terrace; and
WHEREAS, Government Code Section 53635 allows the City Treasurer to select
a depository bank in which to deposit City funds; and
WHEREAS, Government Code Section 53649 allows the City Treasurer to enter into
contract with a depository; and
WHEREAS, Government Code Section 53659 allows the City Treasurer to contract
with and place securities for safekeeping with a Federal Reserve or other approved bank;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE
does hereby resolve, declare determine, and order as follows:
SECTION 1. The City Manager is authorized to execute banking agreements and
other associated banking documents including the establishment of bank accounts for the
purpose of conducting city business.
SECTION 2. This resolution shall be in full force and effect upon its adoption.
PASSED, APPROVED AND ADOPTED this 8" day of February, 2001.
Mayor of the City of Grand Terrace
ATTEST:
City Clerk of the City of rand
Terrace
I
I, BRENDA STANFILL, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No.2001- 04 was introduced and adopted at a regular meeting of the City
Council of the City of Grand Terrace held on the 8th day of February, 2001, by the following
vote:
AYES: Councilmembers Hilkey, Larkin and Ferre; Mayor Pro Tem Garcia and
Mayor Buchanan .
NOES: None
ABSENT: None
ABSTAIN: None
Brenda Stanfill, City Clefk
Approved as to;form:
V� -
City Attorney