2015-18 RESOLUTION NO. 2015-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS
FOR US BANK, SAFEKEEPING ACCOUNT
WHEREAS, the City of Grand Terrace is a municipal corporation established under the
laws of the State of California; and
WHEREAS, the US Bank is a federally chartered bank under the laws of the United
States; and
WHEREAS, the City of Grand Terrace needs to update its deposit agreement, signature
card or notice of incumbency with US Bank; and
WHEREAS, the City designates the City Manager, Finance Director and Principal
Accountant as authorized signers on the US Bank Safekeeping bank account; and
WHEREAS US Bank requires the City to adopt a corporate resolution and Authorization
to designate authorized signers on such 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 US Bank are
hereby revoked.
Section 2 - Authorized signers on US Bank accounts are as follows::
Position Individual Name
City Manager G. Harold Duffey
Finance Director Cynthia A. Fortune
Principal Accountant Domilena R. Gonzales
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 - Authorized investment held in US Bank Safekeeping account must be'invested-in
accordance with permitted investments in California Government Code Sections 53601 and
53635.
Section 5 -The City Clerk shall certify to the adoption of this resolution.
RESOLUTION NO. 2015-18 PAGE 1 OF 2 JUNE 9, 2015
PASSED, APPROVED AND ADOPTED this 9th day of June, 2015.
ATTEST:
Pat Jac ar , City erk arcy ab , Mayor
City of Grand T mace City-o.L d Terrace
I, Pat Jacquez-Nares, City Clerk of the City of Grand Terrace, do hereby certify that
Resolution No. 2015-18 was introduced and adopted at a regular meeting of the City Council of
the City of Grand Terrace, on the 9th day of June, 2015,by the following vote:
AYES: Council Members Mitchell, Hussey, Wilson, Mayor Pro Tern Robles,
Mayor McNaboe
NOES: None
ABSENT: None
ABSTAIN: None
Pat Jacquez-N s, Cy Cle
Approved as to form:
Richard L. Adams, City Attorney
RESOLUTION NO. 2015-18 PAGE 2 OF 2 JUNE 9, 2015