2022-07 RESOLUTION NO. 2022-07
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR CITY OF
GRAND TERRACE'S 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 and Interim Finance Director
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;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Grand
Terrace, as follows:
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 Konrad Bolowich
Interim Finance Director Terry Shea
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.
CC Reso No. 2022-07 Page 1 of 2 January 11, 2022
PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand
Terrace, California, at its regular meeting held on the 11th day of January 2022.
Darc e
Mayor
�TTEST:
ebra L. Thomas
City Clerk
APPROVED AS TO FORM:
Adrian Guerra
City Attorney
CC Reso No. 2022-07 Page 2 of 2 January 11, 2022
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )
CITY OF GRAND TERRACE )
I Debra L. Thomas, City Clerk of the CITY OF GRAND TERRACE, CALIFORNIA,
DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No. 2022-07
was duly passed, approved and adopted by the City Council, approved and signed by
the Mayor, and attested by the City Clerk, at the regular meeting of said City Council
held on the 11 th day of January 2022, and that the same was passed and adopted by
the following vote:
AYES: Council Members Allen, Wilson, Robles; Mayor Pro Tern Hussey,
Mayor McNaboe
NOES: None.
ABSENT: None.
ABSTAIN: None.
Executed this 12th day of January 2022, at Grand Terrace, California.
Debra L. Thomas
City Clerk