Housing - 2009-02 - Authorized Singers on Bank AccountRESOLUTION NO. 2009 - 02
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
OF THE CITY OF ROSEMEAD, CALIFORNIA AUTHORIZING THE CORPORATION
BOARD MEMBERS, THE EXECUTIVE DIRECTOR, THE ASSISTANT CITY
MANAGER AND THE CORPORATION SECRETARY AS SIGNERS ON THE
CORPORATION'S ACCOUNT NO. 111032421 AT PACIFIC WESTERN BANK
. WHEREAS, The Rosemead Housing Development Corporation established a
checking account at Pacific Western Bank, and
WHEREAS, the Pacific Western Bank account number is 111032421, and
WHEREAS, from time to time as board members are elected or lose elections and
staff is hired or terminate their employment with the Corporation, bank signature cards
need to be updated to reflect only those persons currently authorized as signers on the
account.
NOW THEREFORE, BE IT RESOLVED, That the Rosemead Housing
Development Corporation does hereby authorize the following Board Members and
employees of the Corporation as signers on the above named account:
Margaret Clark Gary Taylor
(Name) (Name)
President Vice President
(Title) (Title)
(Signature) Signature)
Sandra Armenta
(Name)
Board Member
(Title)
"Almj6k4 2 ~
(Signature)
Polly Low
(Name)
Board Member
(Title)
l gnature)
RESOLUTION NO. 2009 - 02 (CONT'D)
(Name)
Jeffrey Allred
(Name)
Board Member
(Title)
(Signature)
Executive Director
(Title)
4314NA.'-p
(Sign ure)
Matthew E. Hawkesworth Gloria Molleda
(Name) (Name)
Assistant City Manager
(Title)
(SI mature)
Corporation Secretary
(Title)
l"'. '
(Signature)
PASSED, AND ADOPTED, by the Rosemead Housing Development Corporation of the
City of Rosemead, County of Los Angeles of the State of California on August 25, 2009.
(President)
ATTEST:
Corporation Secretary
Account Name: ROSEMEAD HOUSING DEVELOPMENT CORPORATION
PACIFIC WESTERN BANK
MASTER ACCOUNT AGREEMENT
- -
Port Number: '
AUTHORIZED SIGNERS
PLEASE SIGN BY THE APPROPRIATE NUMBER AND PRINT NAME AND TITL ECTLY BENEATH SIGNATU
1
a4u-/G
2
PRINT NAME: MAR RET CLARK
TITLE OF SIGN E ES ENT
PRINT NAME: GARY AYL R
TITLE OF SIG R: VtCE PRESIDENT
3
4
PRINT NAME: 0 OW
TITLE OF SIGNER: BOARD MEMBER
PRINT NAME:-STEVEN LY
TITLE OF SI NER: BOARD MEMBER
PRINT NAME: SANDRA ARMEN A
TITLE OF SIGNER: BOARD MEMBER
PRINT NAME: GLORIA MOLLEDA
TITLE OF SIGNER: SECRETARY
By signing this Master Account Agreement you agree to the terms and conditions governing your account (including those found in the Bank's Deposit
Account Agreement and Disclosure, Rate Sheet, Schedule of Fees, and any account analysis terms and conditions) and to any changes we may make
to them from time to time. This includes, but is not limited to, Bank's ability to charge your account for any applicable service fees. You acknowledge
that you have received the aforementioned documents at the time you signed this signature card. You agree that you assume the risk of loss in transit
of any statement or check. Furthermore you agree that any account you establish with us is subject to applicable federal and state rules, laws and
regulations.
REQUEST FOR TAXPAYER IDENTIFICATION AND CERTIFICATION
Taxpayer Identification Number:
Under penalties of perjury, I certify that:
1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and
2. 1 am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue
Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I
am no longer subject to backup withholding, and
3. 1 am a U.S. citizen or other U.S. person. ❑ Exempt Payee
Certification Instructions: You must cross out item "2" above if you have been notified by the IRS that you are currently subject to backup withholding
because you have failed to report all interest and dividends on your tax return.
Printed
Date: F- 2.,~P, - a y
ACCEPTANCE BY CORPORATION
By signing below, you certify and agree to the terms of this signature card and that :
1. The authorized signers listed above, acting together or any one acting alone, are hereby authorized to enter into deposit account, cash
management, and service agreement(s) with any office of Pacific Western Bank on behalf of this Corporation.
2. The persons named above as authorized signers are authorized to sign checks and otherwise give instructions on behalf of the Corporation
regarding its accounts and services.
3. The Bank is authorized to act on instructions received by facsimile (telefax), and purportedly signed by an authorized signer, including instructions
for placing stop payment orders on any items drawn on the account(s). The Bank may rely on telephone instruction in placing stop payment orders
and shall be held harmless for any loss incurred in relying on such telephone instructions.
4. This authorization in addition to any other authorization in effect shall remain in force until the Bank receives written notice of its revocation at the
offices where the account(s) is/are maintained or at any other address specified by the Bank
Date: n d\-9A
BY: `Signature of Secretary
GLORIA MOLLEDA
Printed Name
MASTER ACCOUNT AGREEMENT - CORPORATE REVISED 03/26/08 - NML
Account Name: ROSEMEAD HOUSING DEVELOPMENT CORPORATION
PACIFIC WESTERN BANK
MASTER ACCOUNT AGREEMENT -
Port Number"
AUTHORIZED SIGNERS
P E IG E AP PRIATE NUMBER AND PRINT NAME AND TITLE DIRECTLY BENEATH SIGNATURE
7
•
r
PRINT NAM JEF L RED
PRINT NAME: ATTH E HAWKESWORTH
TITLE OF SIGNER: EXECUTIVE DI ECTOR
TITLE OF SIGN R: ASSISTANT CITY MANAGER
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PRINT NAME:
"P 1 N
TITLE)OF)S1G1t1ER' X
TITLEOFSIGNER:
Y
XXXXXX) MX
Gvv
PRINT NAME: "
PRI A XX=
TITLE OF SIGNER:
TITLE OF SIGNER:
By signing this Master Account Agreement you agree to the terms and conditions governing your account (including those found in the Bank's Deposit
Account Agreement and Disclosure, Rate Sheet, Schedule of Fees, and any account analysis terms and conditions) and to any changes we may make
to them from time to time. This includes, but is not limited to, Bank's ability to charge your account for any applicable service fees. You acknowledge
that you have received the aforementioned documents at the time you signed this signature card. You agree that you assume the risk of loss in transit
of any statement or check. Furthermore you agree that any account you establish with us is subject to applicable federal and state rules, laws and
regulations.
AND CERTIFICATION
Taxpayer Identification Number: r -
Under penalties of perjury, I certify that:
1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and
2. 1 am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue
Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I
am no longer subject to backup withholding, and
3. 1 am a U.S. citizen or other U.S. person. ❑ Exempt Payee
Certification Instructions: You must cross out item "2" above if you have been notified by the IRS that you are currently subject to backup withholding
because you have failed to report all interest and dividends on your tax return.
Date: O -'~w W
By signing below, you certify and agree to the terms of this signature card and that :
1. The authorized signers listed above, acting together or any one acting alone, are hereby authorized to enter into deposit account, cash
management, and service agreement(s) with any office of Pacific Western Bank on behalf of this Corporation.
2. The persons named above as authorized signers are authorized to sign checks and otherwise give instructions on behalf of the Corporation
regarding its accounts and services.
3. The Bank is authorized to act on instructions received by facsimile (telefax), and purportedly signed by an authorized signer, including instructions
for placing stop payment orders on any items drawn on the account(s). The Bank may rely on telephone instruction in placing stop payment orders
and shall be held harmless for any loss incurred in relying on such telephone instructions.
4. This authorization in addition to any other authorization in effect shall remain in force until the Bank receives written notice of its revocation at the
offices where the account(s) is/are maintained or at any other address specified by the Bank
Dale
Signature of Secretary
GLORIA MOLLEDA
Printed Name
MASTER ACCOUNT AGREEMENT - CORPORATE REVISED 03/26/08 - NML
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Gloria Molleda, Corporation Secretary of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2009.02 being:
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION OF
THE CITY OF ROSEMEAD, CALIFORNIA AUTHORIZING THE CORPORATION BOARD
MEMBERS, THE EXECUTIVE DIRECTOR, THE ASSISTANT CITY MANAGER AND
THE CORPORATION SECRETARY AS SIGNERS ON THE CORPORATION'S
ACCOUNT NO 111032421 AT PACIFIC WESTERN BANK
was duly and regularly approved and adopted by the Rosemead Housing Development
Corporation on the 25th of August, 2009, by the following vote to wit:
Yes: Armenta, Clark, Low, Ly, Taylor
No: None
Abstain: None
Absent: None
Gloria Molleda
Corporation Secretary
ROSEMEAD HOUSING
DEVELOPMENT CORPORATION
STAFF REPORT
TO: HONORABLE PRESIDENT AND-BOARD MEMBERS
FROM: JEFF ALLRED, EXECUTIVE DIRECTOR
DATE: AUGUST 25, 2009
SUBJECT: AUTHORIZED SIGNERS ON BANK ACCOUNTS
SUMMARY
The Rosemead Housing Development Corporation (RHDC) requires several different
bank accounts to efficiently operate its financial matters. Authorized signers on the
RHDC's bank accounts include all RHDC Board Members, the Executive Director, the
Assistant City Manager and the Corporation Secretary. When new people replace
incumbents, bank signature cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the RHDC Board approve Resolution No. 2009-02 authorizing
the President, Vice President, Board Members, Executive Director, Assistant City
Manager and Corporation Secretary as signers on the RHDC bank account. See
Attachment A for named signers.
ANALYSIS
With a newly appointed Executive Director it is necessary to remove the names of the
Interim Executive Director and Assistnat City Manager as authorized signers on the
RHDC bank account and replace them with the name of the new Executive Director.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by
Steven Brisco
Finance Director
Attachment: Exhibit A
Resolution 2009-02
ITEM NO. Z_
APPROVED FOR HOUSING DEVELOPMENT CORPORATION AGENDA:
Attachment A
Signers on the Rosemead Housing Development Corporation Pacific Western account
no. 111032421:
1. Margaret Clark, President
2. Gary A..Taylor, Vice President
3. Polly Low, Board Member
4. Steven Ly, Board Member
5. Sandra Armenta, Board Member
6. Gloria Molleda, Secretary
7. Jeffry B. Allred, Executive Director
8. Matthew E. Hawkesworth, Assistant City Manager