HDC - Item 2A - Authorized Signers on Bank AccountsROSEMEAD HOUSING
DEVELOPMENT CORPORATION
STAFF REPORT
TO: HONORABLE CHAIRMAN AND BOARD MEMBERS
,
FROM: JEFF STEWART, INTERIM EXECUTIVE DIRECTOR f
DATE: APRIL 28, 2009
SUBJECT: AUTHORIZED SIGNERS ON BANK ACCOUNTS
SUMMARY
The Rosemead Housing Development Corporation (RHDC) requires several different
bank accounts to efficiently operate its financial matters. Authorized signers on the
RHDC's bank accounts include all RHDC Board Members, the Executive Director,
Assistant City Managers and the City Clerk. When new people replace incumbents,
bank signature cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the RHDC Board authorize the Chairman, Vice Chairman, Board
Members, Executive Director, Assistant City Managers and City Clerk as signers on the
various RHDC bank accounts. See Attachment A for named signers.
ANALYSIS
With two newly elected members of the City Council, acting as RHDC Board Members,
it is necessary to remove the names of the former Board Members as authorized
signers on the various RHDC bank accounts and replace them with the names of the
newly elected City Council Members or new Corporation 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.
APPROVED FOR HOUSING DEVELOPMENT CORPORATION AGENDA:
Attachment A
Signers on the Rosemead Housing Development Corporation Pacific Western account
no. 111032421:
1. Margaret Clark, Board Member
2. Gary A. Taylor, Board Member
3. Polly Low, Board Member
4. Steven Ly, Board Member
5. Sandra Armenta, Board Member
6. Gloria Molleda, City Clerk
7. Jeff Stewart, Interim Executive Director
8. Brian Saeki, Assistant City Manager
9. Matthew E. Hawkesworth, Assistant City Manager