HomeMy WebLinkAboutReso - CC - 089-2011RESOLUTION NO.89-2011
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME
AUTHORIZING CITY OF BURLINGAME SIGNATORIES FOR CITY
CHECKS, DRAFTS AND OTHER ORDERS DRAWN ON THE BANK OF AMERICA
WHEREAS, the City of Burlingame has a long-established relationship with the Bank of America; and
WHEREAS, the Bank of America requires the City to adopt a Resolution in order to allow funds to be deposited
with the Bank of America and to indentify and authorize certain City officers to sign checks, drafts and other orders of said
Bank;
NOW, THEREFORE, the City Council of the City of Burlingame does resolve as follows:
1. The City Council authorizes that funds of the City of Burlingame may de deposited with
Batik of America subject to the terms of the signature card, rules of the Bank, including all amendments and additions
thereto, all applicable laws, regulations and practices of the Bank in force from time to time, and all service charges now or
hereafter established or allowed by law.
2. The City Council authorizes the followings City officers to sign checks, drafts or other orders for and on behalf
of the City of Burlingame; the signature of one of these officers shall be required for checks, drafts or other orders of less
than $5,000.00; the signature of two of these officers shall be required for checks, drafts or other orders of $5,000.00 or
more.
#1 Jesus Nava, Finance Director/Treasurer
#2 James Nantell, City Manager
#3 Diana Truong, Financial Services Manager
#4 Amjr Bernard9DeputyTreasurer
#5 Deirdre Dolan, Human Resources Director
3. The City Council authorizes each of the above-named persons to endorse checks, drafts and other orders for
and on behalf of the City of Burlingame for deposit, encashment or otherwise and further, the City Council authorizes the
Bank of America to honor and pay on account any and all checks, drafts or other orders signed and/or endorsed herewith,
or, if said checks, drafts or other orders are presented unendorsed for deposit to City's account, to supply any required
endorsement.
4. The City Council agrees that any sum at anytime in this account with the Bank of America shall be subject to
the right of offset for monies owed by City to the Bank of America to the extent legally permissible; further, the City
Council agrees to pay the Bank of America on demand, the amount of overdrafts on this account and any amounts for
account fees and rates according to the current schedule of fees and rates.
5. The City Council authorizes the bank of America to hold all statements and vouchers until called for, and if
not called for within thirty (30) days, to mail said statements.
7ERR EAL, 1yor
1, Mary Ellen Kearney, City Clerk of the City of Burlingame, do hereby certify that the foregoing Resolution was
introduced at a regular meeting of the City Council held on the 5TH day of December , 2011, and was adopted
thereafter by the following vote:
AYES: COUNCILMEMBERS: BAYLOCK, BROWNRIGG, DEAL, KEIGHRAN, NAGEL
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
MARY ELLEN EARN Y, City Clerk