CDC - Item 2C - Authorized Signers On Pacific Western Bank AccountROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION
STAFF REPORT
TO: HONORABLE CHAIRWOMAN AND COMMISSIONERS
FROM: JEFF ALLRED, EXECUTIVE DIRECTOR
DATE: JULY 28, 2009
SUBJECT: AUTHORIZED SIGNERS ON PACIFIC WESTERN BANK ACCOUNT
SUMMARY
The Rosemead Community Development Commission (RCDC) requires several
different bank accounts to efficiently operate its financial matters. Authorized signers on
the RCDC's bank accounts include all RCDC Commissioners, the Executive Director,
Assistant City Manager and the Commission Secretary. When new people replace
incumbents, replacement bank signature cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the Rosemead Community Development Commissioners
authorize the Chairman, Vice Chairman, Commission Members, Executive Director,
Assistant City Manager and Commission Secretary as signers on the RCDC bank
account at Pacific Western Bank. Signers are named on Resolution 2009-23.
ANALYSIS
With the appointment of a new Executive Director it is necessary to remove the name of
the Interim Executive Director and replace it with the name of the newly appointed
Executive Director, along with the Commission Members, Assistant City Manager and
Commission Secretary as authorized signers on the RCDC bank accounts at Pacific
Western Bank.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by
/ "
Steven Brisco
Finance Director
Attachment: Resolution 2009-23
APPROVED FOR COMMUNITY DEVELOPMENT COMMISSION AGENDA: 9 1 EM `O-
RESOLUTION NO. 2009 - 23
A RESOLUTION OF THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROSEMEAD, CALIFORNIA AUTHORIZING THE COMMISSION
MEMBERS, THE EXECUTIVE DIRECTOR, THE ASSISTANT CITY MANAGER AND
THE COMMISSION SECRETARY AS SIGNERS ON THE COMMISSION'S ACCOUNT
NO. 111034096 AT PACIFIC WESTERN BANK
. WHEREAS, The Rosemead Community Development Commission established
checking account at Pacific Western Bank, and
WHEREAS, the Pacific Western Bank account number is 111034096, and
WHEREAS, from time to time as commissioners are elected or lose elections and
staff is hired or terminate their employment with the Commission, bank signature cards
need to be updated to reflect only those persons currently authorized as signers on the
account, and
NOW THEREFORE, BE IT RESOLVED, That the Rosemead Community
Development Commission does hereby authorize the following Commissioners and
employees of the Commission as signers on the above named account:
Marqaret Clark
(Name)
Gary Taylor
(Name)
Chairwoman
(Title)
(Signature)
Sandra Armenta
(Name)
Commissioner
(Title)
(Signature)
Vice Chairman
(Title)
(Signature)
Polly Low
(Name)
Commissioner
(Title)
(Signature)
RESOLUTION NO. 2009 - 23 (CONT'D)
Steven Ly
(Name)
Jeffrey Allred
(Name)
Commissioner
(Title)
(Signature)
Executive Director
(Title)
(Signature)
Matthew E. Hawkesworth
(Name)
Assistant City Manager
(Title)
(Signature)
Gloria Molleda
(Name)
Commission Secretary
(Title)
(Signature)
PASSED, AND ADOPTED, by the Rosemead Community Development Commission ofthe
City of Rosemead, County of Los Angeles of the State of California on July 28, 2009.
(Chairwoman)
ATTEST:
Commission Secretary
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