2009-26 RESOLUTION NO.
2009-26
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF GRAND TERRACE, CALIFORNIA,AUTHORIZING
SIGNERS FOR CALIFORNIA ASSET MANAGEMENT PROGRAM
WHEREAS,the City of Grand Terrace is a municipal corporation established under the
laws of the State of California; and
WHEREAS,the California Asset Management Trust was established pursuant to and in
accordance with Joint Powers Exercise of Powers Act, by a Declaration of Trust, made as
of December 15, 1989 and as subsequently amended, as a vehicle for public agencies to
jointly exercise their common power to invest bond proceeds and other funds; and
WHEREAS,the California Asset Management Program is an authorized investment
under the investment policy of the city and under government code section 53600; and
WHEREAS, the City of Grand Terrace periodically needs to update its authorized signers
with the California Asset Management Program; and
WHEREAS, authorized signers will have the authority to deposit and withdraw funds
with the California Asset Management Program on behalf of the City; and
WHEREAS, deposits and withdrawals may only come from designated, authorized City
operating and City investment accounts; and
WHEREAS, California Asset Management Program requires the City to adopt a
resolution to change authorized signers on the account; and
THEREFORE, THE CITY COUNCIL OF THE CITY-OF GRAND TERRACE
HEREBY RESOLVES THE FOLLOWING:
1) All previous resolutions of designated authorized signers with the California Asset
Management Program are hereby revoked.
2)Authorized signers on the California Asset Management Program account are:
Position Individual Name
City Manager (Vacant)
Acting City Manager Steve Berry
City Clerk Brenda Mesa
Finance Director Bernard Simon
2
i 3) Any one of the named individuals is authorized to.sign on behalf of the City of Grand
Terrace and is authorized to execute documents on behalf of the City.
APPROVED AND ADOPTED this 14th day of July, 2009
Ayes: Councilmemb.ers Cortes, Miller & Stanckiewitz; Mayor Pro Tem Garcia
& Mayor Ferre
Noes: None
Abstain: None
Absent: None
Mayor
ATTEST:
City Clerk