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HomeMy WebLinkAboutReso - CC - 015-2003RESOLUTION NO. 15-2003 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME DESIGNATING PERSONS AUTHORIZED TO ENTER INTO CUSTODY AGREEMENT WITH BNY WESTERN TRUST COMPANY AND PERSONS AUTHORIZED TO ISSUE INSTRUCTIONS UNDER THOSE CUSTODY AGREEMENTS RESOLVED, by the City Council of the City of Burlingame: WHEREAS, the City of Burlingame has entered into custody agreements with BNY Western Trust Company as part of the City's investment and financing programs; and WHEREAS, the persons designated to enter into those agreements and to issue instructions regarding the agreements should be updated, NOW, THEREFORE, IT IS RESOLVED AND ORDERED: 1. The City Treasurer whose name appears below, acting alone, be and hereby is authorized and empowered to enter into a Custody Agreement substantially in the form attached hereto with such changes thereto as the person executing the same shall deem advisable with the approval as to form of the City Attorney. The execution of such Agreement by such person to be conclusive evidence of such approval. Name: Title: Jesus Nava Treasurer 2. Any one of the following persons, acting alone, be and hereby is authorized from time to time to designate in writing to BNY Western Trust Company those officers, employees and other agents of this organization who will be authorized issue instructions under such Agreement, including, without limitation, with respect to the deposit or withdrawal of cash and deposit, withdrawal, purchase or sale of securities and other property without limitation as to priced, items or conditions and otherwise deal therewith, all pursuant to the provisions of such Custody agreement: Name: Title: Jesus Nava Treasurer James N. Nantell City Manager 3. Notice of any change in this resolution shall be communicated in writing to BNY Western Trust Company, and until BNY Western Trust Company has actually received such notice, it is authorized to act pursuant to these resolutions. 0. MA OR I, ANN T. MUSSO, 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 3rd day of February 2003, and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BAYLOCK, COFFEY, GALLIGAN, JANNEY, O'NANoNY NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS:NONE (Gl%/t-tet � �i2L�• ITY CLERK 2