CC - Item 5H - Authorized Signers on Bank Accounts E M E ROSEMEAD CITY COUNCIL AND
4 ° SUCCESSOR AGENCY FOR THE
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TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: GLORIA MOLLEDA, CITY MANAGER WI -
DATE: FEBRUARY 13, 2018
SUBJECT: AUTHORIZED SIGNERS ON BANK ACCOUNTS
SUMMARY
The City of Rosemead (City) and the Successor Agency for the Rosemead Community
Development Commission (Successor Agency) require several different bank accounts to
efficiently operate financial matters. Authorized signers on both the City's and the Successor
Agency's accounts include all City Council members, the Mayor, the Mayor Pro Tem, the City
Manager, and the Assistant City Manager. When new people replace incumbents. bank signature
cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the City Council approve Resolution No. 2018-14 and Successor Agency
Resolution No. 2018-04, authorizing the Mayor, Mayor Pro Tern, City Council members, City
Manager and Assistant City Manager as signers on the City's bank accounts at Bank of the West.
Staff also recommends with the resignation of our former City Manager, Bill R. Manis, it is
necessary to remove the name of our former City Manager from the account.
FISCAL IMPACT - None
STRATEGIC PLAN IMPACT - None
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
Pearl Lieu, Finance Director
ITEM NUMBER: 5 t
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City Council Meeting
February 13,2018
Page 2 of 2
Attachment A: Resolution No.2018-14
Attachment B: Resolution No. 2018-04 SA
Attachment C: Authorized Signers
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Attachment A
Resolution No. 2018-14
RESOLUTION NO. 2018-14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
CALIFORNIA,AUTHORIZING THE MAYOR, MAYOR PRO TEM,CITY
COUNCIL MEMBERS, THE CITY MANAGER AND ASSISTANT CITY
MANAGER AS SIGNERS ON THE CITY'S BANK ACCOUNTS AT BANK
OF THE WEST
WHEREAS,the City of Rosemead established several bank accounts at Bank of the
West, and
WHEREAS,the Bank of the West Bank account numbers are 689009769,689052942,and
689059475, and
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WHEREAS,from time to time, Council members are elected or lose elections and staff i$
hired or terminate their employment with the City, bank signature cards need to be updated to reflect
only those persons currently authorized as signers on the account, and
NOW THEREFORE,the City of Rosemead does hereby authorize the following Council •
Members and employees of the City listed in Attachment A as signers on the above account.
PASSED, APPROVED, AND ADOPTED this 13th day of February,2018.
Polly Low, Mayor
APPROVED AS TO FORM: ATTEST:
Rachel Richman, City Attorney Marc Donohue, City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD
I.Marc Donohue, City Clerk of the City Council of the City of Rosemead, California, do hereby
certify that the foregoing City Council Resolution, No. 2018-14, was duly adopted by the City
Council of the City of Rosemead. California, at a regular meeting thereof held on the 13th day of
February,2018, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Marc Donohue, City Clerk
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Attachment B
Resolution No. 2018-04 SA
RESOLUTION NO. 2018-04 SA
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION, ROSEMEAD,
CALIFORNIA,AUTHORIZING THE MAYOR,MAYOR PRO TEM, CITY
COUNCIL MEMBERS, THE CITY MANAGER AND ASSISTANT CITY
MANAGER AS SIGNERS ON THE SUCCESSOR AGENCY'S BANK
ACCOUNTS AT BANK OF THE WEST
WHEREAS,the Successor Agency to the Rosemead Community Development Commission
(Successor Agency) established several bank accounts at Bank of the West, and
WHEREAS,the Bank of the West Bank account numbers are 026373118,and 012939553,
and,
WHEREAS,from time to time, staff is hired or terminate their employment with the City,
bank signature cards need to be updated to reflect only those persons currently authorized as signers
on the account, and
NOW THEREFORE,the Successor Agency does hereby authorize the following Successor
Agency members and employees of the City listed in Attachment A as signers on the above account.
PASSED, APPROVED, AND ADOPTED this 13th day of February, 2018.
Polly Low, Successor Agency Chair
APPROVED AS TO FORM: ATTEST:
Rachel Richman, Successor Agency Counsel Marc Donohue, Successor Agency Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD
I,Marc Donohuc,Successor Agency Clerk to the Rosemead Community Development Commission
of the City of Rosemead, California, do hereby certify that the foregoing Successor Agency
Resolution,No.2018-04 SA,was duly adopted by the Board of the Successor Agency,at a regular
meeting thereof held on the 13th day of February. 2018, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Marc Donohue, Successor Agency Clerk
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Attachment C
Authorized Signatures
Attachment C
Signers on the Bank of the West account no: 689009769, 689052942, 689059475, 026373118
and 012939553
1. Polly Low, Mayor
2. Steven Ly, Mayor Pro Tem
3. William Alarcon, Council Member
4. Sandra Armenia, Council Member
5. Margaret Clark, Council Member
6. Gloria Molleda, City Manager
7. Brad McKinney. Assistant City Manager
Please remove the following signer from account no: 689009769, 689052942, 689059475.
026373118 and 012939553
1. Bill R. Manis, former City Manager