2012-09 RESOLUTION NO. 2012-09
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING NEW BANK OF AMERICA
BANK ACCOUNT FOR CITY OF GRAND TERRACE AS SUCCESSOR
AGENCY
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California; and
WHEREAS, Bank of America is a federally chartered bank under the laws of the
United States, and
WHEREAS, the City of Grand Terrace desires to establish a separate bank
account for funds of the City of Grand Terrace as Successor Agency of the City of
Grand Terrace Community Redevelopment Agency, and
WHEREAS, the City Council designates the City Manager, Acting City Manager,
if so designated, City Clerk and Finance Director as authorized signers on the Bank of
America bank accounts, and
WHEREAS, Bank of America requires the City to adopt a corporate resolution
and authorization to designate authorized signers on bank accounts;
THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE
HEREBY RESOLVES THE FOLLOWING:
1) the foregoing is a complete, true and correct resolution adopted by the City Council of
the City of Grand Terrace and that the resolution is still in full force and effect and has
not been amended or revoked and does not exceed the objects or powers of the City
Council of the City of Grand Terrace.
2) the persons below are authorized account signers and are authorized to execute any
banking documents, certificate of incumbency, tax information certificate and
authorization as needed:
Position Individual Name
City Manager Betsy M. Adams
Finance Director Bernard Simon
Comm. & Econ Dev Director Joyce Powers
t City Clerk Tracey R. Martinez
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3) Any One of the individuals named as authorized signers acting on behalf of the City
IiIiw of Grand Terrace is authorized to execute documents on behalf of the City.
4) Any Two of the individuals named as authorized signers acting on behalf of the City
of Grand Terrace is authorized to checks on behalf of the City.
5) Authorize the procurement and use of a signature stamp. All checks will require two
signatures, except in the case of emergencies, when the signature stamp an authorized
signer may be used.
6) The City Clerk shall certify to the adoption of this resolution.
PASSED APPROVED AND ADOPTED this 30th day of January, 2012 by the following
vote:
AWES: Cooncilmembbrs McNaboe, Sandoval and Hays; Mayor Pro Tom Garcia
and Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Walt Stanckiewtiz, Mayor
ATTEST:
r �
Tracey R. arti ez, City Cl c
APPROVED AS TO FORM:
Richard L. Adams, City Attorney
State of California )
County of San Bernardino )ss.
State of California )
I, Tracey R. Martinez, hereby certify that I am the duly appointed City Clerk of the
City of Grand Terrace and that the foregoing resolution was duly adopted at a special
meeting of the City Council held on the 30`" day of January, 2012.
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Tracey Rine �QtyClerk
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