2012-41 E RESOLUTION NO. 2012 - 41
�r A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNER FOR FIRST
FINANCIAL EQUITY ACCOUNTS
WHEREAS, the City of Grand Terrace is a municipal corporation established
under the laws of the State of California; and
WHEREAS, the First Financial Equity is a brokerage firm under the laws of the
United States; and
WHEREAS, the City of Grand Terrace needs to update its deposit agreement
and signature card with First Financial Equity Money Market Fund; and
WHEREAS, the City designates the City Manager, Acting City Manager, if so
designated, City Clerk and Finance Director as authorized signers on all accounts held
with First Financial Equity and the First Financial Equity Money Market Fund; and
WHEREAS First Financial Equity requires the City to adopt a corporate
resolution and authorization to designate authorized signers on all accounts;
♦, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY
RESOLVES THE FOLLOWING:
Section 1 - All previous resolutions of designated authorized signers with First
Financial Equity are hereby revoked.
Section 2 - Authorized signers on First Financial Equity accounts are:
Position Individual Name
City Manager Betsy Adams
City Clerk Tracey R. Martinez
Finance Director Bernard Simon
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 - Interest payments, withdrawals and matured investments may only to
transferred or paid to bank accounts in the name of the City of Grand Terrace.
PASSED, APPROVEDAND ADOPTED this 14" day of August, 2012
RESOLUTION NO. 2012- 41
Page 2
ATTEST:
City Clerk 61 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. 2012-41 was introduced and adopted at a regular meeting of
the City Council, as the Successor Agency of the former Grand Terrace Community
Redevelopment Agency, on the 14c' 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
n 1 D
City Clerk
Approved as r
City Attorney