HomeMy WebLinkAboutCC RESO 8378RESOLUTION NO. 8378
AUTHORIZING ESTABLISHMENT OF BANK ACCOUNT FOR
PLANNING PROJECT NO. P-CALIF-3598
The City Council of the City of National City,
California, resolves as follows:
1. That in order to satisfy the requirements of
the Federal Government in regard to the disbursement of funds
allocated to project P-Calif-3598, the City Treasurer of the
City of National City is directed to establish a checking ac-
count at the National City Branch of the Bank of America Bank,
and to execute all documents necessary to establish said ac-
count.
2. That said account shall be known as Planning
Project P-Calif-3598 Account.
3. That a sum not to exceed $15,500.00 be deposited
to said account upon receipt of same from the Federal Govern-
ment, said sum representing the sum the Federal Government has
consented to contribute to said project as outlined in Contract
No. H-602-1546 between the City of National City and the United
States of America.
4. That the City Clerk is authorized and directed to
set up the appropriate books of account relative to said project,
and to record all expenditures, and do all other acts required
to properly disburse the funds placed in said account.
5. That the City Treasurer is authorized and direc-
ted to draw checks as required against said account.
6. That in the event funds attributable to the Fed-
eral Government remain in the account after the completion of
the project, or in the event said project is not begun or
completed for any reason, any such Federal funds remaining in
said account shall be withdrawn and returned to the Federal
Government upon resolution duly adopted by the City Council.
7. That in the event funds attributable to the City
remain in the account after the completion of the project, or
in the event said project is not begun or completed for any
reason, any such City funds remaining in said account may be
withdrawn and deposited in the City Fund from which these
funds eminated upon resolution duly adopted by the City
Council.
8. The City Treasurer shall certify to the Fed-
eral Government that said account has been opened in the
above designated banking institution and that the Federal
Advance will be deposited therein.
PASSED AND ADOPTED this 7th day of May, 1963.
ATTEST