2012-40 RESOLUTION NO. 2012- 40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR BANK OF
AMERICA BANK ACCOUNTS
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 needs to update its signature card(s)
periodically with Bank of America due to changes in city staff or changes in staff duties;
and
WHEREAS, the City Council designates the City Manager, Acting City Manager,
if so designated, City Clerk and Finance Director as authorized signers on 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:
Section 1 -All previous resolutions of designated authorized signers for the
City of Grand Terrace with Bank of America are hereby revoked.
Section 2 - Authorize account signers on Bank of America accounts as:
Position Individual Name
City Manager Betsy M. Adams
City Clerk Tracey R. Martinez
Finance Director Bernard Simon
Building & Safety/Public Works Director Richard Shields
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.
Section 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.
RESOLUTION NO. 2012- ao
Page 2
PASSED, APPROVED AND ADOPTED this 14" day of August, 2012.
ATTEST:
t
City Clerk f the City of Gra Terrace Mayor of the City of Grand Terrace
I, TRACEY MARTINEZ, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2012-40 was introduced and adopted at a regular meeting of the
City Council of the City of Grand Terrace on the 14' day of August, 2012, by the
following vote:
AYES: Councilmembers Sandoval, Hays and McNaboe; Mayor Pro Tem Garcia and
Mayor Stanckiewitz
NOES: None
`, ABSENT: None
ABSTAIN: None
City Clerk
Approved as to form:
City Attorney