CDC - Item 3B - Authorized Signers on Pacific Western Bank AccountROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION
STAFF REPORT
TO: HONORABLE CHAIR AND COMMISSIONERS
FROM: JEFF ALLRED, EXECUTIVE DIRECTOR
DATE: APRIL 26, 2011
SUBJECT: AUTH ORIZED 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 Directors, 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 Chair, Vice Chair, 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 2011 -14.
ANALYSIS
With the retirement of the Commission Chair and the election of a new Director, it is
necessary to remove the name of the Commission Chair and replace it with the newly
elected Director along with the Commission Vice Chair, Directors, 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 2011 -14
YMM NO. 3b
APPROVED FOR COMMUNITY DEVELOPMENT COMMISSION AGENDA:
RESOLUTION NO. 2011 —14
A RESOLUTION OF THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROSEMEAD, CALIFORNIA AUTHORIZING THE
COMMISSIONERS, CHAIR, VICE CHAIR, EXECUTIVE DIRECTOR, 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 a
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.
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:
Steven Ly
(Name)
Sandra Armenta
(Name)
Chair
(Title)
(Signature)
Margaret Clark
(Name)
Commissioner
(Title)
(Signature)
Vice Chair
(Title)
(Signature)
William Alarcon
(Name)
Commissioner
(Title)
(Signature)
RESOLUTION NO. 2011 —14 (CONT'D)
Polly Low
(Name)
Commissioner
(Title)
(Signature)
Matthew E. Hawkesworth
(Name)
Assistant City Manager
(Title)
(Signature)
Jeffry Allred
(Name)
Executive Director
(Title)
(Signature)
Gloria Molleda
(Name)
Commission Secretary
(Title)
(Signature)
PASSED, AND ADOPTED, by the Rosemead Community Development Commission of the
City of Rosemead, County of Los Angeles of the State of California on April 26, 2011.
(Chair)
ATTEST:
Commission Secretary
Attachment A
Signers on the Rosemead Community Development Commission Pacific Western
account no. 111034096:
1. Steven Ly, Chair
2. Sandra Armenta, Vice Chair
3. Margaret Clark, Commissioner
4. Polly Low, Commissioner
5. William Alarcon, Commissioner
6. Gloria Molleda, Commission Secretary
7. Jeffry Allred, Executive Director
8. Matthew E. Hawkesworth, Assistant City Manager
Please remove the following signers from account no. 111034096:
1. Gary Taylor