HomeMy WebLinkAbout2005-059 - Designating Bank of America as the Depository for City of Santa Ana Funds, Effective July 1, 2005
.
.
.
MJV 06/14/2005
RESOLUTION NO. 2005-059
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, 2005, AND DESIGNATING
SIGNATORIES AUTHORIZED FOR THE PURPOSE OF
WITHDRAWAL OF SAID FUNDS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA
ANA AS FOLLOWS:
Section 1. The City Council of the City of Santa Ana hereby finds, determines
and declares as follows:
A. 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.
B.
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, 2005, and continuing for a term of three (3)
years, with the option to renew for an additional (2) two years unless
sooner terminated.
Section 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.
Section 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.
Section 4. Said Bank is hereby authorized and directed to payout 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.
Resolution No. 2005-059
Page 1 of 3
Section 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 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.
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 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, 2005. 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.
Section 8. This Resolution shall take effect immediately upon its adoption by
the City Council, and the Clerk of the Council shall attest to and certify the vote adopting
this Resolution.
ADOPTED this 20th day of June, 2005.
Miguel A. Pulido
Mayor
Resolution No. 2005-059
Page 2 of 3
.
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attorney
~
....
By:
Michael Vigliott
Deputy City Attorney
AYES:
Councilmembers: Alvarez. Bis!. Bustamante. Christy. Garcia. Pulido,
Solorio (7)
NOES:
Councilmembers: None (0)
ABSTAIN:
Councilmembers: None (0)
. NOT PRESENT: Councilmembers: None (0)
.
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby attest to and certify the
attached Resolution No. 2005-059 to be the original resolution adopted by the City
Council of the City of Santa Ana on June 20, 2005.~ /
O.re b~~jp, i~~g:~:~-'~>(/~Q
Resolution No. 2005-059
Page 3 of 3