HomeMy WebLinkAboutReso - CC - 066-2018RESOLUTION NO.66-2018
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BURLINGAME AUTHORIZING CITY OF BURLINGAME
SIGNATORIES FOR CITY CHECKS, DRAFT AND OTHER ORDERS
ON 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 identify 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
RESOLVES AND ORDERS AS FOLLOWS:
1. The City Council authorizes that funds of the City of Burlingame may be deposited with
Bank of America subject to the terms and 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.
4. 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.
5. The City Council agrees that any sum at any time in the account with the Bank of
America shall be subject to the right of offset for monies owed by City to Bank of
America to the extent legally permissible; further, the City Council agrees to pay the
2. The City Council authorizes the following 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.
3.
a. Lisa K. Goldman, City Manager
b. CarolAugustine, Finance Director/Treasurer
c. Karen Huang, Deputy Finance Director/Deputy Treasurer
d. Margaret Ono, Accounting Technician
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.
6. 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.
Michael rownngg
I, Meaghan Hassel-Shearer, City Clerk of the City of Burlingame that the
foregoing Resolution was duly and regularly introduced and adopted at a regula meeting of the
Burlingame City Council held on May 21 ,2018, by the following vote:
AYES:
NOES:
ABSENT:
Councilmembers: BEACH, BROWNRIGG, COLSON, KEIGHRAN
Councilmembers: NONE
Councilmembers: ORTIZ
Meaghan Hassel-Shearer, City Clerk