REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Alisa Backstrom, City Treasurer
Subject:
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Adopt Resolution No. 2020-61 authorizing the Manual and/or Facsimile Signatures of the Chief Financial Officer, the City Treasurer, the Assistant Chief Financial Officer, and the Deputy City Treasurer as persons authorized to execute Financial Transactions in the name of the City of Huntington Beach
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Statement of Issue:
In order to facilitate City business with banks and other financial institutions, Resolution No. 2020-61 is being brought forward for City Council consideration to authorize the manual and/or facsimile signatures of the Chief Financial Officer, the City Treasurer, the Assistant Chief Financial Officer, and the Deputy City Treasurer as persons authorized to execute financial transactions in the name of the City of Huntington Beach.
Financial Impact:
Not applicable.
Recommended Action:
recommendation
Adopt Resolution No. 2020-61, “A Resolution of the City Council of the City of Huntington Beach Authorizing the Manual and/or Facsimile Signatures of the Chief Financial Officer, the City Treasurer, the Assistant Chief Financial Officer, and the Deputy City Treasurer as Persons Authorized to Execute Financial Transactions in the name of the City of Huntington Beach.”
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Alternative Action(s):
Do not approve the resolution and direct staff accordingly.
Analysis:
Section 1. That Dahle Bulosan, Alisa Backstrom, Sunny Rief, and Joyce M. Zacks are designated as the persons authorized to execute financial transactions in the name of the City of Huntington Beach.
Section 2. That Dahle Bulosan, Alisa Backstrom, Sunny Rief, and Joyce M. Zacks are designated as the persons authorized to execute all checks, drafts, warrants, or other orders for the payment of money drawn in the name of the City of Huntington Beach on deposit with any bank or other financial institutions in which the City has funds. At least two (2) authorized signatures must appear on each such disbursement or withdrawal.
Section 3. That said disbursements or withdrawals shall be made only upon the manual or facsimile signatures of Dahle Bulosan, Alisa Backstrom, Sunny Rief, and Joyce M. Zacks whose signatures are on file in the office of the City Clerk (Exhibit A).
Section 4. All Resolutions in conflict herewith are hereby repealed.
Environmental Status:
Not applicable.
Strategic Plan Goal:
Strengthen long-term financial and economic sustainability
Attachment(s):
1. Resolution No. 2020-61, “A Resolution of the City Council of the City of Huntington Beach Authorizing the Manual and/or Facsimile Signatures of the Chief Financial Officer, The City Treasurer, the Assistant Chief Financial Officer, and the Deputy City Treasurer as Persons Authorized to Execute Financial Transactions in the name of the City of Huntington Beach”