HomeMy WebLinkAboutReso 2014-075 - US Bank s
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RESOLUTION NO. 2014-075
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING DESIGNATING SIGNERS FOR VARIOUS DEMAND
ACCOUNTS HELD BY US BANK
WHEREAS, in January 2014 the City of Redding solicited proposals for banking
services, merchant card services, and trust and custody services; and
WHEREAS, following an evaluation of the proposals, US Bank was selected as the
vendor to provide banking services, merchant card services, and trust and custody services; and
WHEREAS, to open the necessary accounts with the new vendor, US Bank, it is
necessary to designate individuals who are to be the authorized signers on behalf of the City of
Redding and its various entities.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDDING DOES
HEREBY RESOLVE THAT:
1. The aforementioned recitals are true and correct.
2. In accordance with the contract with US Bank, the following bank accounts will
be opened:
➢ City of Redding—General Operating Account
➢ City of Redding—Treasurer's Merchant Services Account
➢ City of Redding—Utility Merchant Services Account
➢ City of Redding—Zero Balance Account (ZBA— Sweep)Account
➢ Redding Area Bus Authority—General Account
➢ Housing Authority of the City of Redding— General Account
➢ Housing Authority of the City of Redding—FSS Escrow Account
➢ Successor Agency to the Redding Redevelopment Agency — General
Account
➢ City of Redding—Cafeteria Plan Medical and Dependent Care Account
3. The following individuals are designated as authorized signers on all accounts
held with US Bank:
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➢ Allyn Feci Clark, City Treasurer N
➢ Tonia Gale, Deputy City Treasurer Q
➢ Ken Hadley, Management Analyst
➢ Dennice Maxwell, Director of Finance
➢ Cathy Bullock, Senior Account Q
➢ Tanis Boucher, Accountant
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4. Should one of the authorized signers leave the City's employment or their job
responsibilities change to no longer necessitate being an authorized signer, the
City Manager, or his designee, is hereby designated and authorized to appoint a
new signer to replace said individual.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted
at a regular meeting of the City Council of the City of Redding on the 15`h day of July, 2014, by
the following vote:
AYES: COUNCIL MEMBERS: Cadd,Jones,McArthur, Sullivan, & Bosetti
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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Lit.N
RICK BOSETTI, Mayor
ATTEST: APPROVED AS TO FORM:
PAME MIZE, Q ) ; -lerk RICHARD A. DUVERNAY, Ci Attorney