CDC - Item 2C - Bank Signature CardsE M E,
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ROSEMEAD COMMUNITY
DEVELOMENT COMMISSION
STAFF REPORT
T0: HONORABLE CHAIRMAN AND COMMISSION MEMBERS
FROM: ANDREW C. LAZZARETTO, CITY MANAGE
DATE: DECEMBER 19, 2006
SUBJECT: BANK SIGNATURE CARDS
SUMMARY
The Rosemead Community Development Commission requires several different bank
accounts to efficiently operate its financial matters. Authorized signers on the
Commission's bank accounts include all Commission Members; City Clerk; City
Manager; and Assistant City Manager. Banks require new signature cards to be
completed upon any changes in the list of authorized signers.
Staff Recommendation
Staff recommends that the Commission authorize City Manager, Andrew C. Lazzaretto
and Deputy City Manager Oliver Chi be named as signers on the various Rosemead
Community Development Commission Bank Accounts, replacing the names of the
former City Manager and Assistant City Manager.
ANALYSIS
With the retirement of the former City Manager and Assistant City Manager it is
necessary to remove their names as authorized signers and replace their names with
the new City Manager and Deputy City Manager.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Sub ittedo by: 1
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ar Hurs
Interim Finance Director
APPROVED FOR CITY COUNCIL AGENDA: