2009-35 RESOLUTION NO. 2009-35
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY-OF GRAND TERRACE,.CALIFORNIA,AUTHORIZING
SIGNERS FOR CITIBANK,N.A. BANK ACCOUNT
WHEREAS,the City of Grand Terrace is a municipal corporation established under the
laws of the State of California; and
WHEREAS, Citibank-is a federally chartered bank.under the laws of the United States;
and
WHEREAS,the City of Grand Terrace wishes to update its deposit agreement and
signature card with Citibank; and
WHEREAS,the City designates the City Manager, Acting City Manager, if so
designated, City Clerk and Finance Director as authorized signers on the Citibank bank
accounts; and
- WHEREAS, the-adoption of this resolution is intended-to provide authorization to
designate authorized signers on bank accounts and authorize staff to execute any all
documents as is necessary to open an account with Citibank,N.A;
THEREFORE,THE CITY COUNCIL OF THE CITY OF GRAND TERRACE
HEREBY RESOLVES THE FOLLOWING:
1) All previous resolutions of designated authorized signers with Citibank are hereby
revoked.
2)Authorized signers on Citibank accounts are:
Position Individual Name. -
City Manager (Vacant)
Acting City Manager Bernard Simon
City Clerk Brenda Mesa.
Finance Director Bernard Simon
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.
4)Authorized amount of investment is the Federally Insured amount.
5) Interest.payments, withdrawals and matured investments may only be transferred to
an account of the City of Grand Terrace or paid by a written demand payable to the
City of Grand.Terrace.
APPROVED AND ADOPTED this 11th day of August,.2009
Ayes: Councilmembers Cortes, Miller and Stanckiwitz; Mayor Pro Tem garcia
and Mayor Ferre
Noes: None
Abstain: None
Absent: None
Mayo
ATTEST:
City Cierk