CC RES 2019-054 RESOLUTION NO. 2019-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DESIGNATING SIGNATORIES FOR ACCOUNTS WITH VARIOUS
FINANCIAL INSTITUTIONS
WHEREAS, on July 7, 2015, the City Council of the City of Rancho Palos Verdes adopted
Resolution No. 2015-55, designating signatories for any accounts that may be established in
accordance with the Umbrella Agreement with Bank of the West dated February 18, 2014;
WHEREAS, on July 7, 2015, the City Council of the City of Rancho Palos Verdes ("City")
adopted Resolution No. 2015-56 designating signatories with Malaga Bank; and
WHEREAS, on November 6, 2019, the City Manager appointed the Director of Finance
as City Treasurer and the Deputy Director of Finance as the Deputy City Treasurer;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES
HEREBY FINDS, ORDERS AND RESOLVES AS FOLLOWS:
The following officials, identified by position title, are hereby each designated and
appointed to serve as signatories on behalf of the City of Rancho Palos Verdes on any accounts
that may be established with any financial institutions:
(1) City Manager or Acting/Interim City Manager;
(2) City Treasurer or Director or Acting/Interim Director of Finance;
(3) Deputy City Treasurer or Deputy or Acting/Interim Deputy Director of
Finance; and
(4) Resolutions No. 2015-55 and 2015-56 is hereby rescinded and replaced
by this resolution.
PASSED, APPROVED AND ADOPTED THE 6TH DAY OF NOVEMBER 2019.
( 111(Aj
Mayor
Attest: ak
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MEM,
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Emily Colborn, City Clerk of the City of Rancho Palos Verde- eby certify that the above
Resolution No. 2019-54 was duly and regularly passed and adopt .1.41L
the said City Council at a
regular meeting thereof held on November 6th, 2019. MIL
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