HomeMy WebLinkAboutCC Res 6653 2016-06-27RESOLUTION NUMBER 6653
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE AUTHORIZATION AND AGREEMENT FOR
CASH MANAGEMENT SERVICES BETWEEN THE CITY AND
BANK OF THE WEST AND AUTHORIZING THE CITY MANAGER
TO EXECUTE THE AGREEMENT AND RELATED DOCUMENTS
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
SECTION 1. On the recommendation of staff, the City Council approves the
establishment of a banking relationship with Bank of the West. The Authorization
and Agreement for Cash Management Services is hereby approved.
SECTION 2. City Manager Jill R. Ingram, Assistant City Manager Patrick
Gallegos, Director of Finance /City Treasurer Victoria L. Beatley and the
incumbent Mayor of the City of Seal Beach are authorized to enter into cash
management services agreements with Bank of the West, to designate from time
to time persons, in such number as may be directed, to manage any cash
management service, and otherwise give instructions as to this organization's
cash management services, consistent with the Seal Beach City Charter, Seal
Municipal Code and applicable law.
SECTION 3. The authority conferred is in addition to any authorizations in effect
and shall remain in force until Bank of the West receives written notice of its
revocation at the office where the account is maintained or at such other location
as the bank may direct.
SECTION 4. The City Council hereby authorizes and directs the City Manager to
execute the Agreement for Cash Management Services and related documents
on behalf of the City, and to terminate any other existing banking relationships.
1 PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a
regular meeting held on the 27th day of June , 2016 by the following vote:
AYES:
Council Members:
Massa - Lavitt, Varipapa, Deaton, Sloan, Miller
NOES:
Council Members:
None
ABSENT:
Council Members:
None
ABSTAIN:
Council Members:
None
Sandra Massa Lavitt, Mayor
19
n Roberts, City
STATE OF CALIFORNIA } —
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Robin Roberts, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 6653 on file in
the office of the City Clerk, passed, approved, and adopted by the Seal Beach
Ci Coun ' r gular meeting held on the 27th day of June , 2016.
obin Roberts, City Clerk