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PUBLIC ENTITY RESOLUTION
California Government Code 53679 stipulates that money not under control of the treasurer but belonging to a local
agency and under the control of any of its officers or employees other than the treasurer may deposit funds as
active deposits or inactive deposits.
For deposits in excess of the amount insured under any federal law, a contract in accordance with Section 53649 is
required.
It is resolved that the officer now or subsequently holding the position of
Executive Director (Title)
CDC of the City of National City (Public Entity)
is authorized by the Governing Board under California Government Code 53649 to enter into any contract with
Union Bank, N.A. relating to any deposit, which in his or her judgment is to the public advantage. Contracting
requirements could include:
• Establish bank accounts and services
• Sign, or change in writing, agreements with the Bank regarding the Public Entity's bank deposit relationship.
• Specify in writing to the Bank the individuals who are authorized in the name of and on behalf of the Public Entity
to:
• Withdraw funds from any of the Public Entity's banking accounts on the Public Entity's checks or orders.
• Endorse and deliver to the Bank, for any purposes, and in any amount, negotiable or non-negotiable items of
any kind, and owned by, or held by, or payable to the Public Entity.
• Send, review, and/or authorize wire and electronic transfers of funds from the Public Entity accounts. Such
authority may be exercised by such authorized individual acting alone, regardless of any multiple signature
requirements otherwise applicable to the accounts.
• Otherwise access the Public Entity's deposit accounts.
This authority has been granted by the Governing Board and shall remain in effect until the Bank receives written
notice of revocation at the Office where the Public Entity's banking relationship is maintained.
CFRTIFICATION
Clerk/Secretary to the Governing Board of the above referenced Public
Entity, do hereby certify that the foregoing is a full, true, and correct copy of a resolution passed by the Governing
Board
on (Month and date) of
revoked or amended.
(Year), and the resolution has not been
CLERK/SECRETARY TO THE GOVERNING BOARD
SIGNATURE
DATE
Distribution: ORIGINAL — Office Copy DUPLICATE — CCSU TRIPLICATE — Customer
FORM 00219 (11/98)