HomeMy WebLinkAbout2015-067 - Extending the Designation of JP Morgan Chase Bank, N.ARESOLUTION NO. 2015-067
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA EXTENDING THE DESIGNATION OF JP
MORGAN CHASE BANK, N.A., AS THE DEPOSITORY
FOR CITY OF SANTA ANA FUNDS, EFFECTIVE
JANUARY 1, 2016, 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. The City having previously designated JPMorgan Chase Bank, N.A., 1300
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 January 1, 2011, and continuing for
a term of three (3) years, plus two additional one year terms, hereby
extends the designation of Bank, as the depository for City of Santa Ana
funds through December 31, 2015, and thereafter beginning January 1,
2016 for an additional six (6) month term, with the option to renew for a
further six (6) month period exercisable by the City Manager and City
Attorney, 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 and Customer Services Manager of the City and the
Assistant Finance Director 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 either of the persons hereinabove authorized, in the amounts shown on
the face of said checks.
Resolution No. 2015-067
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ADOPTED this 15th day of December, 2015.
APPROVED AS TO FORM:
Sonia R. Carvalho
City Attorney
BY✓�l�' �-
Lisa Storck
Assistant City Attorney
AYES: Councilmembers:
NOES: Councilmembers:
ABSTAIN: Councilmembers:
NOT PRESENT: Councilmembers
Amezcua Martinez Pulido Reyna Sarmiento (5)
Tinaiero (1)
Benavides (1)
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Clerk of the Council, do hereby attest to and certify the attached
Resolution No. 2015-067 to be the original resolution adopted by the City Council of the
City of Santa Ana on December 15, 2015.
Date: j 2 —ids S 'v.'052
Clerk of the Council
City of Santa Ana
Resolution No. 2015-067
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