HomeMy WebLinkAbout7246_CCv0001.pdf RESOLUTION NO. 7246
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
DESIGNATING AUTHORIZED SIGNERS FOR INVESTMENT ACCOUNTS
AND AUTHORIZING THE MAYOR TO EXECUTE SUBSTANTIALLY
SIMILAR RESOLUTIONS FOR THE OPENING OF ADDITIONAL
INVESTMENT ACCOUNTS WITH BROKER/DEALERS AND FINANCIAL
INSTITUTIONS AS RECOMMENDED BY THE CITY MANAGER AND CITY
TREASURER AND RESCINDING RESOLUTION NO. 6820
WHEREAS,from time to time City Officials and staff determine that it is in the best interest
of the City to establish accounts with financial institutions for the purpose of investing City funds;
and
WHEREAS, to ensure that the City's funds are invested on a timely basis in a manner that
provides prudent safety and a reasonable rate of return, it is often necessary for City Officials and
staff to open such accounts on an expedited basis; and
WHEREAS, it is the custom and practice of financial institutions to require that the
authorized signers on investment accounts be approved by the City using forms of"resolutions"
prepared by such institutions: and
WHEREAS,through the adoption of this resolution,it is the desire of the City Council of the
City of Redlands to designate certain City Officials and staff as authorized signers for such
investment accounts and to authorize the Mayor,on behalf of the City Council,to execute forms of
"resolutions"prepared and required by financial institutions relating to such designated authorized
signers.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
REDLANDS AS FOLLOWS:
Section 1. The following City Officers and staff shall be the authorized signers for
investment accounts established by the City:
Robert Dawes,City Treasurer
Tina T. Kundig,Finance Director
Thomas M. Steele, Assistant Finance Director
Karin A. Grance,Revenue Manager
Section 2. That the Mayor of the City is hereby authorized to execute,on behalf of the City
Council,forms of"resolutions"prepared and required by financial institutions for the establishment
of investment accounts,provided the form and content of such"resolutions"have been reviewed and
approved of by the City Manager, City Treasurer, and City Attorney.
Section 3. That Resolution No. 6820 is herby rescinded.
I:\ccIerk\ResoIutions\Res 7201-7299\7246 Investment Accounts December 2012.doc
ADOPTED.SIGNED AND APPROVED this 18th clay of December,2€112.
Pete Agui ar,Mayor
ATTEST:
Sam Irwin, itglerk
1, Sam Irwin,City Clerk of the City of Redlands, hereby Certify that the foregoing Resolution was
duly adopted by the City Council at a regular meeting thereof held on the 18th day of December,
2012, by the following vote:
AYES: Councilmembers Foster, Gardner,Gilbreath, Mayor Aguilar
NOES: None
ABSTAIN: None
ABSENT: Councilmcmber Harrison
Sam Irwin,City Clerk
J ccle&Reso1mi 1 s 7201-729917246 Investment Accamts December 2012.doc
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CITY OF REDLANDS
AUTHORIZED SIGNORS
December 18,2012
Nam Title:
Robert Dawes City Treasurer
Phone: (909) 798-7591
e-mail: rdawes@citvofredlands.orq
Name: Title:
Tina T. Kundig Finance Director
Phone: (909) 798-7543
e-mail: tkundig@cityofredlands.org
Name: Title:
Thomas M. Steele Assistant Finance Director
Phone: (909) 335-4775
e-mail: tsteele@cityofredlands.org
NaM .V 1 Title:
a'r�i/n4 Grance Revenue Manager
Phone: (909) 798-7596
e-mail: karance@cityofredlands.org
Bcclerk\Resolutions\Res 7201-7299\7246 Investment Accounts December 2012.doc