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HomeMy WebLinkAboutCC Res 6098 2011-01-10RESOLUTION NUMBER 6098 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL PROVIDING AUTHORIZATION TO SIGN DEMANDS AND CHECKS FOR THE WITHDRAWAL OF FUNDS ON DEPOSIT WITH THE BANK OF AMERICA, AUTHORIZING THE DIRECTOR OF ADMINISTRATIVE SERVICES TO ACT AS AGENT FOR THE CITY TO CLAIM UNCLAIMED PROPERTY, AND RESCINDING RESOLUTION NUMBER 5958 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 City of Seal Beach from unauthorized disbursement through the use of fraudulent signatures; and WHEREAS, Michael Levitt is the duly elected Mayor of the City of Seal Beach, and Robbeyn Bird is the duly appointed Director of Administrative Services/Treasurer of the City of Seal Beach; and 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 Michael Levitt and Robbeyn Bird are the authorized signatures required on demands, checks, and drafts of the City 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 act as the authorized agent to claim "unclaimed property" on behalf of the City of Seal Beach. Section 5. That Resolution No. 5958 is hereby rescinded. Section 6. That 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. 7 (Intentionally Left Blank) Resolution Number 6098 PASSED, APPROVED and ADOPTED by the City Council of the City of Seal Beach at a regular meeting held on the 10th day of January , 2011 by the following vote: AYES: Council Members 1 STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution Number 6098 on file in the office of the City Clerk, passed, approved, and adopted by the City Council at a regular meeting held on the 10th day of January , 2011. 1 NOES: Council Members / (�