2025-037 - Designating JP Morgan Chase Bank as the Depository

Home Browse Search

Section 3. The Assistant Director of Finance and Management Services and the Treasury and Customer Services Manager of the City are hereby authorized for and on behalf of the City, and as agents of the City and deputies of the Executive Director of Finance and Management Services to sign City of Santa Ana checks for the withdrawal of said funds so deposited by manually affixed signature thereon. Section 4. Said Bank is hereby authorized and directed to pay out from said City funds to the payees respectively designated on any City checks, signed in the manner and by any of the persons hereinabove authorized, in the amounts shown on the face of said checks. Section 5. The City Manager is hereby authorized to designate in writing agents who shall be authorized to sign City checks for the payment or withdrawal of said funds when, due to physical absence, incapacity or death of any of said authorized signatories, it may be necessary on a temporary basis to provide other means for the signing of City checks, and/or for the payment or withdrawal of said funds. Any such authorization shall set forth the necessity for such designation, the period of time during which said authorization shall continue (by giving the exact starting and termination dates) and shall contain the certification of the City Clerk over the official seal of the City of Santa Ana certifying that said authorization is in fact, signed by the qualified and acting City Manager, shall contain a specimen signature of the person designated as such temporary agent, and shall be delivered to said Bank. Section 6. The City Manager, or his designee, is hereby authorized to execute and submit all documents, including but not limited to applications, agreements and amendments which may be required to effectuate the banking services necessary for the administration of the City's demand deposit account. Section 7. A certified copy of this Resolution, together with the signatures of the two agents herein authorized to act in manual form and copies of the facsimile signature machine-imprints of the Executive Director of Finance and Management Services and Assistant Director of Finance and Management Services certified by the City Clerk to be the signatures of said persons, and the imprints of the official facsimile signature plates, shall be delivered to said Bank before the 1 st day of January, 2027. Whenever any of said agents leave the employment of the City, is absent therefrom, or incapacitated for a period of time that will affect the issuance of City checks, the City Clerk shall notify said Bank of said fact and shall certify the names, titles, and signatures of the person(s)then designated as agent(s) of the City for the purpose of signing City checks in the manner hereinabove provided and shall notify said Bank of every termination of such authorization immediately upon receipt of such information. Section 8. This Resolution shall take effect immediately upon its adoption by the City Council, and the City Clerk shall attest to and certify the vote adopting this Resolution. Resolution No.2025-037 Page 2 of 3