HomeMy WebLinkAbout2000-038 - Designating Bank of America as the Depository for City of Santa Ana Funds155
RESOLUTION NO. 2000-038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA DESIGNATING BANK OF AMERICA AS THE
DEPOSITORY FOR CITY OF SANTA ANA FUNDS,
EFFECTIVE JULY 1, 2000, AND DESIGNATING
SIGNATORIES AUTHORIZED FOR THE PURPOSE OF
WITHDRAWAL OF SAID FUNDS
THE CITY COUNCIL OF THE CITY OF SANTA ANA HEREBY RESOLVES,
DETERMINES, AND DECLARES AS FOLLOVVS:
1. Heretofore the City Council of the City of Santa Ana ("City") has declared a
policy of designating a bank within the City to act as depository for the demand deposits
of City funds. After receiving and reviewing a number of proposals for the services
required, the City hereby designates Bank of America, 801 North Main Street, Santa
Ana, California ("Bank"), as the banking institution that shall receive and act as
depository for City funds and trust funds in control of said City beginning July 1, 2000,
and continuing for a term of three (3) years, with the option to renew for an additional
two years unless sooner terminated.
2. The Executive Director of Finance and Management Services of the City
is hereby authorized for and on behalf of the City, and as its officer and agent, to sign
City of Santa Ana checks for the withdrawal of said funds so deposited, both by
facsimile signature machine-imprinted, upon City checks and by manually affixed
signature upon City checks.
3. The Treasury Manager of the City is hereby authorized for and on behalf
of the City, and as an agent of the City and a deputy 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.
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 either of the persons hereinabove authorized, in the amounts shown on the face
of said checks.
5. The City Manager is hereby authorized to designate in writing an agent(s)
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 either or both 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 Clerk of the Council over the official seal
Resolution No. 2000-038
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of the City of Santa Ana certifying that said authorization is in fact, signed by the
qualified and acting City Manager, shall be a specimen signature of the person
designated as such temporary agent, and shall be delivered to said Bank.
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.
7. A certified copy of this Resolution, together with the signatures of the two
agents herein authorized to act in manual form and a copy of the facsimile signature
machine-imprint of the Executive Director of Finance and Management Services
certified by the Clerk of the Council to be the signatures of said persons, and an imprint
of the official facsimile signature plate, shall be delivered to said Bank before the first
day of July, 2000. Whenever either or both 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 Clerk of the Council 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.
ADOPTED this 5th day of June, 2000.
ATTEST:
at~'a E. Healy
Clerk of the Council
COUNCILMEMBERS:
Pulido Aye
L~z Aye
Bist Aye
Christy Abstain
Franklin .Aye
McGuigan Aye
aoreno Aye
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attorney
Lisa E. Storck
Assistant City Attomey
Resolution No. 2000-038
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CERTIFICATE OF ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby certify the attached Resolution
No. 2000-038 to be the original resolution adopted by the City Council of the City of
Santa Aha on June 5, 2000.
Clerk oJ~e Council
City of Santa Ana
Resolution No. 2000-038
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