CITY COUNCIL AGENDA ITEM NO. 2
Meeting Date: November 13, 2001
Subject/Title: Approve a resolution establishing authorization for designated City officials and employees to act on behalf of the City of Brentwood with regard to the City’s accounts with the BNY Western Trust Company.
Submitted by: Pam Ehler, Director of Finance and Information Systems
Approved by: Jon Elam, City Manager
Approve a resolution establishing authorization for designated City officials and employees to act on behalf of the City of Brentwood with regard to the City’s accounts with the BNY Western Trust Company.
The resolution authorizes any one of the listed individuals to execute agreements or documents and give direction regarding deposits, transfers and disbursements of funds with BNY Western Trust Company regarding the City of Brentwood’s custody account or accounts.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRENTWOOD ESTABLISHING AUTHORIZATION FOR DESIGNATED EMPLOYEES TO ACT ON BEHALF OF THE CITY OF BRENTWOOD WITH REGARD TO THE CITY’S ACCOUNTS WITH THE BNY WESTERN TRUST COMPANY
WHEREAS, this Resolution certifies that the City of Brentwood is a California Public Agency (“Public Agency”); and
WHEREAS, the Public Agency authorizes any one of the Authorized Persons listed below to execute such agreements or documents as BNY Western Trust Company (“Bank”) may at any time request (and all renewals or amendments thereto) regarding this Public Agency’s custody account, including Bank’s Custodial Agreement; and
WHEREAS, To deposit in any such custody account or accounts, stocks, bonds, securities, cash, funds, checks, instruments and/or other property held or owned by this Public Agency from whatever source received, and to hold, exchange, acquire, buy, sell, pledge, collect, transfer, deliver, disburse, redeem, withdraw, and/or dispose of any such stocks, bonds, securities, cash, funds, checks, instruments and/or other property upon written order of instruction of any one of the following Authorized Persons:
Title or Office
Director of Finance & Information Systems
NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF BRENTWOOD, DOES HEREBY RESOLVE: that BNY Western Trust company is authorized to act and rely on this resolution until it actually receives written notice of revocation.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Brentwood at a regular meeting held November 13, 2001 by the following vote:
Michael A. McPoland, Sr.
Karen Diaz, CMC