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HomeMy WebLinkAboutCC AG PKT 2009-01-12 #JAGENDA STAFF REPORT DATE: January 12, 2009 TO: Honorable Mayor and City Council THRU: David Carmany, City Manager FROM: Robbeyn Bird, CPA Director of Administrative Services SUBJECT: AUTHORIZE NEW CHECK SIGNATURES AND AUTHORIZE DIRECTOR OF ADMINISTRATIVE SERVICES TO ACT AS AGENT TO CLAIM UNCLAIMED PROPERTY HELD BY THE CALIFORNIA STATE CONTROLLER'S OFFICE SUMMARY OF REQUEST: Staff requests Council rescind Resolution 5644 and approve the attached resolution that provides authorization to sign demands and checks for withdrawal of funds on deposit with the Bank of America and give authority to the Director of Administrative Services/ Treasurer to act as the authorized agent to claim "Unclaimed Property" from the California State Controller's Office. BACKGROUND: With the appointment of a new Mayor the current authorized signatures to sign demands and checks for withdrawal of funds on deposit with the Bank of America need to be changed. The attached resolution rescinds the prior resolution and identifies the authorized signatures of the Mayor, the City Manager, the Director of Administrative Services/Treasurer, and City Clerk. In addition, the City of Seal Beach at times pursues claims of "unclaimed property' being held by the California State Controller's Office. The requirements include a letter of authorization with the names of officers or officials with authority to sign and claim "unclaimed property" on behalf of the City of Seal Beach. FINANCIAL IMPACT: None Agenda Item J Page 2 RECOMMENDATION: Council approve the attached resolution that provides authorization to sign demands and checks for withdrawal of funds on deposit with the Bank of America and authorize the Director of Administrative Services/Treasurer to act as agent on behalf of the City of Seal Beach to submit claims for "unclaimed property" held by the California State Controller's Office. SUBMITTED BY: P~b,6e.,,~... ~I Robbeyn ird, CPA Director of Administrative Services/Treasurer NOTED AND APPROVED: ~,%a, David Carm ny, City Manager Attachments: A. Resolution No. 5827 RESOLUTION NUMBER 5SZ7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, CALIFORNIA PROVIDING AUTHORIZATION TO SIGN DEMANDS AND CHECKS FOR THE WITHDRAWAL OF FUNDS ON DEPOSIT WITH THE BANK OF AMERICA, AUTHORIZING ALTERNATE SIGNATURES, AUTHORIZING THE DIRECTOR OF ADMINISTRATIVE SERVICES TO ACT AS AGENT FOR THE CITY TO CLAIM UNCLAIMED PROPERTY, AND RESCINDING RESOLUTION NUMBER 5644 WHEREAS, there are certain funds of the City of Seal Beach on deposit with the Bank of America; and WHEREAS, it is desirable to protect the funds of the Ciry of Seal Beach from unauthorized disbursement through the use of fraudulent signatures; and WHEREAS, Gordon A. Shanks is the duly elected Mayor of the Ciry of Seal Beach, David N. Carmany is the duly appointed City Manager, Robbeyn Bird is the duly appointed Director of Administrative Services/Treasurer and Linda Devne is the duly elected City Clerk of the City of Seal Beach; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE: Section 1. All demands, checks and drafts of the City of Seal Beach require two authorized signatures. Section 2. That the signature of Gordon A. Shanks, David N. Carmany, Robbeyn Bird, and Linda Devine are the authorized signatures required on demands, checks, and drafts of the Ciry of Seal Beach addressed to the Bank of America authorizing the withdrawal of funds of the City of Seal Beach on deposit with said bank, and said persons are authorized and directed to sign such documents and signature cards as may be required by said bank in order that said bank is authorized to honor demands and checks and drafts of the City of Seal Beach for the withdrawal of funds on deposit in said bank. Section 3. That in lieu of two personal signatures appearing upon any demand, check, or draft for the City of Seal Beach, a facsimile signature plate may be utilized bearing the reproduction of two of the appropriate signatures herein before authorized. Section 4. That Robbeyn Bird, Director of Administrative Services/Treasurer act as the authorized agent to claim "unclaimed property" on behalf of the City of Seal Beach. Section 5. Resolution No. 5644 is hereby rescinded. Section 6. The City Clerk Shall certify to the passage and adoption of this resolution and is authorized and directed to deliver to said Bank of America, a certified copy thereof. BE IT FURTHER RESOLVED THAT during periods of absence incurred by David N. Carmany and Robbeyn Bird, the signature of Linda Devine, City Clerk, shall be authorized to appear on the instruments described above. Resolution Number PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a meeting hereof held on the 12th day of January , 2009 by the following vote: AYES' COUNCILMEMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS ABSTAIN. COUNCILMEMBERS Mayor ATTEST: City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of Resolution Number 5827 on file in the office of the City Clerk, passed, approved, and adopted by the City Council of the City of Seal Beach, at a regular meeting thereof held on the 12th day of January , 2009 City Clerk