CC - Item 5F - Authorized Signers on Bank Accounts for the City and SA E '" F* --- ROSEMEAD CITY COUNCIL AND
9 ° SUCCESSOR AGENCY FOR THE
® ROSEMEAD COMMUNITY
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DEVELOPMENT COMMISSION
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: GLORIA MOLLEDA, CITY MANAGER
DATE: OCTOBER 22, 2019
SUBJECT: AUTHORIZED SIGNERS ON BANK ACCOUNTS FOR THE CITY AND
SUCCESSOR AGENCY FOR THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION
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 Tern, the City
Manager, and the Assistant City Manager. When new individuals replace incumbents, bank
signature cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the City Council adopt Resolution No. 2019-60 and Successor Agency
Resolution No. 2019-10SA, authorizing the Mayor, Mayor Pro Tem, 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 Assistant City Manager, it is necessary to
remove the name of our former Assistant City Manager, Greg Tsujiuchi.
FISCAL IMPACT -None
STRATEGIC PLAN IMPACT -None
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
AGENDA ITEM 5.F
City Council Meeting
October 22,2019
Page 2 of 2
Submitted by:
Pearl Lieu, Finance Director
Attachment A: Resolution No. 2019-60
Attachment B: Resolution No. 2019-10SA
Attachment C: Authorized Signers
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Attachment A
Resolution No. 2019-60
RESOLUTION NO. 2019-60
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
'WHEREAS, from time to time, Council members are elected or lose elections and 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 City of Rosemead does hereby authorize the following Council
Members and employees of the City listed in Attachment C as signers on the above account.
PASSED, APPROVED, AND ADOPTED this 22nd day of October, 2019.
Margaret Clark, Mayor
APPROVED AS TO FORM: ATTEST:
Rachel Richman, City Attorney Ericka Hernandez, City Clerk
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD )
I,Ericka Hernandez,City Clerk of the City Council of the City of Rosemead, California,do hereby
certify that the foregoing City Council Resolution, No. 2019-60, was duly adopted by the City
Council of the City of Rosemead, California, at a regular meeting thereof held on the 22nd day of
October, 2019, by the following vote,to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Ericka Hernandez, City Clerk
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Attachment B
Successor Agency
Resolution No. 2019-10 SA
RESOLUTION NO. 2019-10 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 C as signers on the above account.
PASSED, APPROVED,AND ADOPTED this 22nd day of October, 2019.
Margaret Clark, Successor Agency Chair
APPROVED AS TO FORM: ATTEST:
Rachel Richman, Successor Agency Counsel Ericka Hernandez, Successor Agency Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD )
I, Ericka Hernandez, 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.2019-.10 SA,was duly adopted by the Board of the Successor Agency,at a
regular meeting thereof held on the 22nd day of October, 2019, by the following vote,to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Ericka Hernandez, Successor Agency Clerk
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Attachment C
Authorized Signers
Attachment C
Signers on the Bank of the West account no: 689009769, 689052942, 689059475, 026373118
and 012939553
1. Margaret Clark, Mayor
2. Sandra Armenta-Lopez, Mayor Pro Tem
3. Sean Dang, Council Member
4. Polly Low, Council Member
5. Steven Ly, Council Member
6. Gloria Molleda, City Manager
7. Ben Kim, Assistant City Manager
Please remove the following signer from account no: 689009769, 689052942, 689059475,
026373118 and 012939553
1. Greg Tsujiuchi, Assistant City Manager