CDC - Item 2C - Authorized Signers on Bank AccountsROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION
STAFF REPORT
TO:
HONORABLE CHAIRMAN AND COMMISSIONERS
FROM:
JEFF STEWART, INTERIM EXECUTIVE DIRECTOR
DATE:
APRIL 28, 2009
SUBJECT:
AUTHORIZED SIGNERS ON BANK ACCOUNTS
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 Commissioners, the Executive Director,
Assistant City Managers and the City Clerk. When new people replace incumbents,
replacement bank signature cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the City Council authorize the Chairman, Vice Chairman,
Commission Members, Executive Director, Assistant City Managers and City Clerk as
signers on the various RCDC bank accounts. See Attachment A for named signers.
ANALYSIS
With two newly elected members of the City Council, acting as RCDC Commission
Members, it is necessary to remove the names of the former Commission Members
authorized as signers on the various RCDC bank accounts and replace them with the
names of the newly elected City Council Members or new staff members.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by
Steven Brisco
Finance Director
Attachment: Exhibit A
ITEM NO. 2-C-
APPROVED FOR COMMUNITY DEVELOPMENT COMMISSION AGENDA:
Attachment A
Signers on the Rosemead Community Development Commission Pacific Western
account no. 111034096:
1. Margaret Clark, Commissioner
2. Gary A. Taylor, Commissioner
3. Polly Low, Commissioner
4. Steven Ly, Commissioner
5. Sandra Armenta, Commissioner
6. Gloria Molleda, City Clerk
7. Jeff Stewart, Interim Executive Director
8. Brian Saeki, Assistant City Manager
9. Matthew E. Hawkesworth, Assistant City Manager