Housing - Item 2B - Bank Signature Cardse
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~~RPORATED
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ROSEMEAD HOUSING
DEVELOPMENT CORPORATION
STAFF REPORT
TO: HONORABLE PRESIDENT AND DIRECTORS
FROM: OLIVER CHI, EXECUTIVE DIRECTOR
DATE: OCTOBER 9, 2007
SUBJECT: BANK SIGNATURE CARDS
SUMMARY
The Rosemead Housing Development Corporation requires only one bank account to
efficiently operate its financial matters. Authorized signers on the Corporation's bank
account includes all Corporation Directors, Corporation Secretary, Executive Director
and Assistant City Manager of External Business Units. Banks require new signature
cards to be completed upon any changes in the list of authorized signers.
STAFF RECOMMENDATION
Staff recommends that the Rosemead Housing Development Corporation's Directors
authorize the Executive Director, Assistant City Managers and City Clerk as signers on
the Rosemead Housing Development Corporation bank account.
ANALYSIS
With the changes in staff that have been completed recently, it is necessary to remove
the names of the former employees authorized as signers and replace them with the
names of the new employees.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
FOR HOUSING DEVELOPMENT COMMISSION AGENDA: 6
,