CC - Item 5G - Authorized Signers on Bank Account for the Rosemead Housing Development Corporation 5 E M F ROSEMEAD HOUSING '
CIVIC PRIDE 9 DEVELOPMENT CORPORATION
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® STAFF REPORT
14tORPORATED 9°9
TO: HONORABLE PRESIDENT AND BOARD MEMBERS
FROM: GLORIA MOLLEDA, EXECUTIVE DIRECTOR
DATE: OCTOBER 22, 2019 '
SUBJECT: AUTHORIZED SIGNERS ON BANK ACCOUNT FOR THE ROSEMEAD
HOUSING DEVELOPMENT CORPORATION
SUMMARY
The Rosemead Housing Development Corporation (RHDC) requires a checking account to
efficiently operate its financial matters. Authorized signers on the RHDC's account include all
RHDC Directors, the President, the Vice President, the Executive Director and the Assistant City
Manager. When new individuals replace incumbents, bank signature cards must be completed.
STAFF RECOMMENDATION
Staff recommends that the RHDC Board adopt Resolution No. 2019-10 RHDC, authorizing the
President, Vice President, Directors, Executive Director and Assistant City Manager as signers
on the RHDC bank account. See Attachment B for named signers.
Staff also recommends with the resignation of our Assistant City Manager, it is necessary to
remove the name ofour former Assistant City Manager, Greg Tsujiuchi.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
C
Pearl Lieu, Director of Finance
Attachment A: Resolution No. 2019-10 RHDC
Attachment B: Authorized Signers
AGENDA ITEM 5.G
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Attachment A
Housing Development Corporation
Resolution No. 2019-10
RESOLUTION NO. 2019-10 RHDC
A RESOLUTION OF THE ROSEMEAD HOUSING
DEVELOPMENT CORPORATION OF THE CITY OF
ROSEMEAD, CALIFORNIA AUTHORIZING THE
CORPORATION DIRECTORS,THE PRESIDENT,THE VICE
PRESIDENT, THE EXECUTIVE DIRECTOR AND THE
ASSISTANT CITY MANAGER AS SIGNERS ON THE
CORPORATION'S BANK ACCOUNT NO. 111032421 AT
PACIFIC WESTERN BANK
WHEREAS, the Rosemead Housing Development Corporation established a checking
accounts at Pacific Western Bank, and
WHEREAS,the Pacific Western Bank account number is 111032421, and,
WHEREAS,bank signature cards need to be updated to reflect only those persons currently
authorized as signers on the account, and
NOW THEREFORE, the Rosemead Housing Development Corporation does hereby
authorize the following Board members listed in Attachment B and employees of the Corporation as
signers on the above account.
PASSED, APPROVED, AND ADOPTED this 22nd day of October, 2019.
Margaret Clark, Corporation President
APPROVED AS TO FORM: ATTEST:
Rachel Richman, Corporation Attorney Ericka Hernandez, Corporation Secretary
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD )
I,Ericka Hernandez, Corporation Secretary to the Rosemead Housing Development Corporation of
the City of Rosemead,California,do hereby certify that the foregoing Corporation Resolution,No.
2019-10 RHDC, was duly adopted by the Board of the Rosemead Housing Development
Corporation, 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, Corporation Secretary
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Attachment B
Housing Development Corporation
Authorized Signers Resolution No. 2019-10
Attachment B
Signers on the Rosemead Housing Development Corporation Pacific Western account no.
111032421:
1. Margaret Clark, President
2. Sandra Armenta-Lopez, Vice President
3. Sean Dang, Director
4. Polly Low, Director
5. Steven Ly, Director
6. Gloria Molleda, Executive Director
7. Ben Kim,Assistant City Manager
Please remove the following signer from account no. 111032421:
1. Greg Tsujiuchi, Assistant City Manager