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HomeMy WebLinkAbout2016 CON Citizens Business Bank - Trust Account AdminsureNOTE TO FILE 10-05-16 IN THE MATTER OF: Resolution of the City Council of the City of National City authorizing the City Manager to execute a bank -depositor agreement, facsimile signature agreement, and contract for deposit of moneys with Citizens Business Bank to establish a trust account with Adminsure, Inc. as the third party administrator for the city's workers' compensation claims Please note the following: NO FULLY EXECUTED ORIGINAL AGREEMENTS WERE FILED WITH THE OFFICE OF THE CITY CLERK ORIGINATING DEPARTMENT: _ CDC _ Housing & Grants City Attorney _ Human Resources City Manager _ MIS _ Community Svcs. Planning Engineering _ Police X Finance Public Works Fire • 10-12-16 — According to Javier Carcamo in Finance, Citizens Business Bank keeps the original documents NTF CC CITIZENS BUSINESS BANK BANK -DEPOSITOR AGREEMENT TO: Citizens Business Bank ❑ County 0 State of California Port No. 2204900 O City 0 Other: By signing this agreement, I open an account(s) with you for THE CITY OF NATIONAL CITY (Name of Public Agency) I understand that you will handle its deposits according to your arrangements for services of this type and according to a Contract for Deposit of Money between us on dated 8/19/2016 . You will inform me of any changes in these services that affect this depositor's rights and obligations. You may: Endorse checks for this public entity which you receive for deposit. I certify that. • I am legally charged with receipt and safekeeping of funds into the Treasury of this public entity and am authorized to establish deposit accounts with you. • For time deposit accounts, I am authorized to establish one or more accounts now and other accounts later under this agreement. • I and the following official deputies are authorized to deposit and withdraw funds from each account established under this agreement. • You received and agree that the Public Agency accounts will be governed by Citizens Business Bank's Bank Disclosure Information and Bank Product and Service Information. NAME (Print or Type) TITLE (Print or Type) 1. GARY LEE PRESIDENT 2. ALITHIA VARGAS-FLORES VICE PRESIDENT 3. LESLIE DEESE CITY MANAGER 4. MARK ROBERTS DIRECTOR OF FINANCE This authority shall remain in force until you receive a sealed revocation notice from the Legislative Body of this public entity or from me. I also certify under penalty or perjury that the number shown on this form is the Public Agency's correct taxpayer identification number. SIGNER OF CONTRACT NAME AND SIGNATURE LESLIE DEESE ACCOUNT INFORMATION CLASS CODE RESP. CODE APR BY OPENED DATE CLOSED CLOSING Nt A' ONI CODE CUSTOMER(S) AUTHORIZATION TO ADD NEW ACCOUNT TYPE ACCOUNT a DATE BY DDA 237142004 500 79S V 37 24/1 6 CLOSED ACCOUNTS INACTIVE ACCOUNTS DATE ACCOUNT NO. REASON DATE ACCOUNT NO. REASON Contract for Deposited Moneys? BUSINESS ACCOUNTS - Documentation Reviewed? Dated: 8/19/2016 Facsimile Signature? Funds Transfer Signature Form Reviewed? Service Provider Agreement? OFAC Verification © ChexSystems O Yes x❑ Yes ❑ Yes ❑ Yes ❑ Yes ❑ No ❑ No t5J No El No ® No CORPORATE ADDRESS 1243 NATIONAL CITY BLVD TELEPHONE NO 619-336-7330 CITY, STATE, ZIP NATIONAL CITY CA 92028 ACCOUNT NO. 237142004 MAILING ADDRESS 1243 NATIONAL CITY BLVD NATIONAL CITY CA 92028 __ HOLD STATEMENT ACCOUNT NO MAILING ADDRESS —_ HOLD STATEMENT DATE CARD RECEIVED 8/24/16 Tax I.D. No. 95-6000749 ACCOUNT NAME (PUBLIC ENTITY) THE CITY OF NATIONAL CITY ACCOUNT NUMBER 237142004 You may pay out funds with any 2 (number) of the signatures below, Each person signing below agrees the Taxpayer identification number (Tax I.D. No.), shown to the right of their name and title is their correct Tax identification number, and that he/she is not subject to backup withholding either because he/she have not been notified that he/she am subject to backup withholding as a result of a failure to report all interest or dividends, or the Internal Revenue Service has notified he/she that he/she no longer subject to backup withholding. AUTHORIZED SIGNATURE(S) 1. SIGNATURE NAME/TITLE GARY LEE PRESIDENT Date8 /24/16 SOCIAL SECURITY NO. IDENTIFICATION 564-98-4473 DL E0570111 2. SIGNATURE NAME/TITLE Date ALITHIA VARGAS-FLORES V. PRESIDENT I 8/24/16 SOCIAL SECURITY NO. 563 95 5321 IDENTIFICATION DL A9950553 3. SIGNATURE NAME/TITLE LESLIE DEESE Date CITY MNGR. I 8/24/16 SOCIAL SECURITY NO. IDENTIFICATION 4. SIGNATURE NAME/TITLE MARK ROBERTS DIRECTOR Date 8/16 SOCIAL SECURITY NO. IDENTIFICATION SPECIAL INSTRUCTIONS Port Number: 2204900 CITIZENS BUSINESS BANK CONTRACT FOR DEPOSIT OF MONEYS This CONTRACT FOR DEPOSIT OF MONEYS (this "Contract"), relating to the deposit of moneys, made as of the 19 day of August , 20 16 , between (hereinafter designated "Depositor") Leslie Deese acting in his/her official capacity as City Manager ("Treasurer," "Finance Director," etc.) of City of National City (Hereinafter designated "Depositor"), and Citizens Business Bank (hereinafter designated "Depository"). W ITNESSETH; WHEREAS, the Depositor proposes to deposit with the Depository from time to time, moneys in his/her custody in an aggregate amount on deposit at any one time not to exceed the total shareholder's equity of the Depository, and said moneys will be deposited subject to Title 5, Division 2, Part I, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code of the State of California ( the "Local Agency Deposit Security Law"); and WHEREAS, said provisions of the Government Code require the Depositor to enter into a contract with the Depository setting forth the conditions upon which said moneys are deposited; and WHEREAS, in the judgment of the Depositor, this Contract is to the public advantage; NOW, THEREFORE, it is agreed between the parties hereto as follows: 1. This Contract cancels and supersedes any previous contracts between the Depositor and the Depository relating to the method of handling and collateralization of deposits of moneys. 2, This Contract, but not deposits then held hereunder, shall be subject to termination by the Depositor or the Depository at any time upon 30 days' written notice. Deposits may be withdrawn in accordance with the agreement of the parties and applicable federal and state statutes, rules and regulations. This Contract is subject to modification or termination upon enactment of any statute, rule or regulation, state or federal, which, in the opinion of the Administrator of Local Agency Security, is inconsistent herewith, including any change relative to the payment of interest upon moneys so deposited by the Depositor. 3. Interest shall accrue on any moneys so deposited as permitted by any act of the Congress of the United States or by any rule or regulation of any department or agency of the Federal Government adopted pursuant thereto. If interest may legally be paid, all moneys deposited in accordance with this Contract shall hear interest at a rate agreed upon by the Depositor and the Depository. Revision Dute' 7/18/2014 4, The Depository shall issue to the Depositor at the time of each inactive deposit a receipt on a form agreed to by the Depository and the Depositor, stating the interest to be paid, if any, the duration of the deposit, the frequency of interest payments, and the terms of withdrawal. Each such deposit receipt is by reference made a part of this Contract. 5. As security for said deposit, the Depository shall at all times maintain with the Agent of Depository named herein, commencing forthwith, eligible securities having a market value at least 10% in excess of the actual total amount of local agency moneys on deposit with the Depository. If any eligible security is determined by the Administrator of Local Agency Security of the State of California in accordance with Government Code Section 53661 to be not qualified to secure public deposits, additional security shall be substituted immediately by the Depository, as necessary, to comply with the requirements of this Paragraph. 6. Eligible securities are those listed in Government Code Section 53651. 7, The Agent of Depository, authorized by the Depositor and the Depository to hold the eligible securities posted as collateral under this Contract is Bank of New York Mellon. Said Agent of Depository has filed with the Administrator of Local Agency Security of the State of California an agreement to comply in all respects with the provisions of Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code. 8. Authority for placement of securities for safekeeping in accordance with Government Code Section 53659 is hereby granted to the Agent of Depository, including placement with any Federal Reserve Banks or branches thereof. 9. If the Depository fails to pay all or part of any deposits of the Depositor which are subject to this Contract when ordered to do so in accordance with the terms of withdrawal set forth on the applicable deposit receipt, the Depositor will immediately notify, in writing, the Administrator of Local Agency Security. Action of the Administrator in converting the collateral required by Paragraph 5 above for the benefit of the Treasurer is governed by Government Code Section 53665, 10. The Depository may add, substitute or withdraw eligible securities being used as security for deposits made hereunder in accordance with Government Code Section 53654, provided the requirements of Paragraph 5 above are met, 11. The Depository shall have and hereby reserves the right to collect the interest on the securities, except in cases where the securities are liable to sale or are sold or converted in accordance with the provisions of Government Code Section 53665. 12. The Depository shall bear and pay the expenses of transportation to and from the Treasurer's office of moneys so deposited and the expense of transportation of eligible securities maintained as collateral to and from the designated Agent of Depository. 13. This Contract, the parties hereto, and all deposits governed by this Contract shall be subject in all respects to Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code, and of all other state and federal laws, statutes, rules and regulations applicable to such deposits, whether now in force or hereafter enacted or promulgated, all of which are by this reference made a part hereof. IN WITNESS WHEREOF, the Depositor in his/her official capacity has signed this Contract. Depository has caused this Contract to be executed by its duly authorized officer. Revision Date: 7/18/2014 DEPOSITOR: City of National City Name of Depositor Signature Leslie Deese Printed Name City Manager Title Date Recision t)atc: 7/I8/2014 DEPOSITORY: Citizens Business Bank DEBORAH A. GEORGE Printed Name SVP(MANAGER, GOVERNMENT SERVICES Title Date CITIZENS BUSINESS BANK WAIVER AGREEMENT This Waiver Agreement relating to the deposit of moneys made as of the 19 day of August , 20 16 , between City of National City Depositor) and Citizens Business Bank (Depository). WITNESSETH: WI IEREAS, Depositor has executed a Contract for Deposit of Moneys (the "Contract") with Citizens Business Bank. WHEREAS, the Contract requires Citizens Business Bank to maintain eligible securities having a market value of at least 10% in excess of the actual deposit of'moneys. WHEREAS, the Federal Deposit Insurance Corporation (FDIC) insures against loss up to the maximum insured amount for depositors of Citizens Business Bank. NOW, THEREFORE, it is agreed between the parties hereto as follows: Depositor agrees to waive the provisions of section 5 of the Contract, including the requirement that Depository collateralize Depositor's deposits with eligible securities, and Depositor agrees to waive the provisions of applicable law and regulation requiring the collateralization of Depositor's deposits, but only to the extent that Depositor's deposits are then insured by the FDIC. Accordingly, Depositor agrees that Depository must, at any particular time, collateralize in accord with the Contract only the portion of Depositor's Deposits that are not then insured by the FDIC. IN WITNESS WHEREOF, the Depositor has signed this Waiver Agreement and the Depository has caused the Agreement to be executed by its duly authorized officer. DEPOSITOR: City of National City Name of Depositor Signature Leslie Deese Printed Name City Manager Title lia311(P Date Revision Date: 7/18/2014 DEPOSITORY: Citizens Business Bank DEBORAH A. GEORGE Printed Name sVP/MANAGER, GOVERNMENT SERVICES Title Date r99, 9/, / City of National City Customer/Account Name CITIZENS BUSINESS BANK FACSIMILE SIGNATURE AGREEMENT Account Number (s) Citizens business Bank ("Bank") and the Customer named above agree as follows: . bank may honor checks or drafts for the payment of money drawn on Customer's above described accounts when the items hear or appear to bear the facsimile signature of any of the following persons: 237142004 I'ruu Name Gary Lee Si ,natmi E Facsimile ATTACHED SAMPLE Print Name Alithia Vargas Flores Sig • ��� facsimile ATTACHED SAMPLE Prim Name Signature g Facsimile 2. Bank may honor and charge Customer for such items, regardless of by whom or by what means the actual or purported facsimile signature has been made, provided the facsimile signature resembles the signature, or the facsimile specimen, which Customer has filed with Bank. 3. All previous authorizations for the signing and honoring of cheeks, drafts or other orders for the payment of money drawn on Bank by Customer are continued in full force and effect. Customer agrees to hold Bank harmless and indemnify Bank from and against any and all loss, cost, expense, including reasonable attorney's lies, resulting from Bank acting upon such authorization which Bank reasonably believes to have come from the customer. 5. Bank may terminate this agreement at any time with or without cause or prior notice. Dated: c'c Authorized Signature Title: City Manager CORPORATE CERTIFICATION I certify that: * I am the Secretary or Assistant Secretary of the Corporation named above; I hereby certify that the following resolution is a complete and accurate copy of a resolution duly adopted by the Corporation's Board of Directors: "RESOLVED: The President, any Vice President, the Secretary, or Treasurer of this Corporation is authorized to enter into Facsimile Signature Agreements with Citizens Business Bank on bchaiFor this Corporation. FURTHER RESOLVED: This authorization is in addition to any other authorizations in effect and shall remain in effect until Citizens Business Bank receives written notice of its revocation at each office where this Corporation's accounts are maintained." The resolution is now in full force and has not been revoked or changed in any way. L)ATL"D: SIGNATURE OF SECRETARY OR ASS tS'A NI SECRETARY Set' page two I'm Author zauon by Partnership, I.1,C, Lodge, Society, lhuncorporated Association or Public 8nuty AG-005D 01/05/2005 AUTHORIZATION By Partnership, Limited Liability Company, Lodge, Society, or Unincorporated Association By signing below, you certify and agree that: 1, If Customer is a partnership, the persons signing below as partners constitute all of the general partners of the partnership, and authorize the person signing on page one to enter into Facsimile Signature Agreements with Citizens Business Bank, 2. lithe Customer is a limited liability company, lodge, society or unincorporated association, the persons signing below are members or officers of Customer and arc authorized to enter into Facsimile Signature Agreements with Citizens Business Bank, 3. This Authorization is in addition to any other authorization in effect and shall remain in effect until Citizens Business Bank receives written notice of its revocation at each office where Customer's accounts are maintained. Date: [3y: By: PARTNER, MEMBER OR OFFICER By. PARTNER, MEMBER OR OFFICER PARTNER, MEMBER OR OFFICERBy. PARTNER, MEMBER OR OFFICER By: PARTNER, MEMBER OR OFFICER By: PARTNER, MEMBER OR OFFICER AUTHORIZATION By Public Agency By signing below, you certify and agree that: l . The persons signing below are authorized officials of City of National City and authorize the Name of Public Agency person signing on page one to enter into a Facsimile Signature Agreement with Citizens Business Bank. 2. This Authorization is in addition to any other authorization in effect and shall remain in force until Citizens Business Bank receives a written notice of its revocation at each location where the accounts are maintained from the Legislative Body of this public agency. Date: By: By: 1.1) Title: City Manager Title: AG-005D 01 /05/2005 2 VENDOR NAME VENDOR ADDRESS CITY, STATE, ZIP CLAIMANT EMPLOYER CLAIM NUMBE INCIDENT DATE CHECK NUMBER CHECK DATE CHECK AMOUNT PAYMENT TYPE FROM - THRU ALLOCATION PAYEE TAX ID REMARKS SCHED ID 1470 South Valley Vista Drive, Suite 230 Diamond Bar, California 91765 Telephone (909) 861-0816 Fax (909) 860-3995 VOS1 FHIS.;. CITY OF NATIONAL CITY Workers' Compensation Administered by AdminSure (909) 861-0816 PAY TO T I-i E ORDER OF EtriaT CITIZENS BUSINESS BANK 1095 N. Garey Avenue Pomona. CA 91767 DATE 08/24/2016 Fifteen Thousand Six Hundred Twenty Seven Dollars And 38/100 PAYEE NAME PAYEE ADDRESS PAYEE ADDRESS2 90-3414 1222 CHECK 12345 NUMBER AMOUNT ******15,627.38 THIS CHECK EXPIRES AND IS VOID 90 DAYS FROM CHECK DATE IL'1?29LH' ':L22231.1L ': 23?LI-,09LL1I' RESOLUTION NO. 2016 — 130 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE CITY MANAGER TO EXECUTE A BANK -DEPOSITOR AGREEMENT, FACSIMILE SIGNATURE AGREEMENT, AND CONTRACT FOR DEPOSIT OF MONEYS WITH CITIZENS BUSINESS BANK TO ESTABLISH A TRUST ACCOUNT WITH ADMINSURE, INC. AS THE THIRD PARTY ADMINISTRATOR FOR THE CITY'S WORKERS' COMPENSATION CLAIMS WHEREAS, on June 21, 2016, the City Council adopted Resolution No. 2016-88 approving an Agreement with AdminSure, Inc., to provide comprehensive Workers' Compensation claims administration services for a period of two years with an option to extend the agreement for up to three (3) additional years; and WHEREAS, as stipulated in the agreement, the City shall establish and maintain a checking account from which all Workers' Compensation benefits and expenses are to be paid, and the third party administrator shall prepare checks and issue those checks directly to the claimants. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the City Manager to execute a Bank -Depositor Agreement, Facsimile Signature Agreement, and Contract for Deposit of Moneys with Citizens Business Bank to establish a trust account with AdminSure, Inc., as the third party administrator for the City's Workers' Compensation claims. PASSED and ADOPTED this 6'h day of Septembe2 016. ATTEST: Michael R. Dalla, C y Clerk udia City Att S TO FORM: Silva on Morrison, Mayor Passed and adopted by the Council of the City of National City, California, on September 6, 2016 by the following vote, to -wit: Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California City lerk of the City /6T National City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2016-130 of the City of National City, California, passed and adopted by the Council of said City on September 6, 2016. City Clerk of the City of National City, California By: Deputy Ca0\G-SS CITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: September 6, 2016 AGENDA ITEM NO. 9 ITEM TITLE: Resolution of the City Council of the City of National City authorizing the City Manager to execute a bank -depositor agreement, facsimile signature agreement, and contract for deposit of moneys with Citizens Business Bank to establish a trust account with AdminSure, Inc as the third party administrator for the City's Workers' Compensation Claims. 'REPARED BY: Javier Carcamo, Financial Services Officer DEPARTMENT: Finance PHONE: 619-336-4331 APPROVED BY: L`d%�/6r ,a EXPLANATION: On June 21, 2016, the City Council of the City of National City approved an agreement with AdminSure, Inc. to provide comprehensive Workers' Compensation claims administration services for a period of two years with an option to extend the agreement for up to three (3) additional years. As stipulated in the agreement, the City shall establish and maintain a checking account from which all Workers' Compensation benefits and expenses are to be paid and the third party administrator shall prepare checks and issue those checks directly to the claimants. Therefore, staff hereby recommends that the City Council authorize the City Manager to execute the bank -depositor agreement, facsimile signature agreement, and contract for deposit of moneys with Citizens Business Bank for the establishment of a trust account with AdminSure, Inc. 'FINANCIAL STATEMENT: ACCOUNT NO. No financial impact APPROVED: `T/G7 Finance APPROVED: MIS ENVIRONMENTAL REVIEW: This is not a project and, therefore, not subject to environmental review. ORDINANCE: INTRODUCTION: FINAL ADOPTION: STAFF RECOMMENDATION: Adopt the resolution authorizing the City Manager to execute the various bank account documents with Citizens Business Bank to establish a trust account with AdminSure, Inc. BOARD / COMMISSION RECOMMENDATION: N/A ATTACHMENTS: 1. New Bank Account Documents 2. Resolution wo. a0'6- Y30 C111. I• CITIZENS BUSINESS BANK BANK -DEPOSITOR AGREEMENT TO: Citizens Business Bank ❑ County 0 State of California Port No. O City 0 Other: By signing this agreement, 1 open an account(s) with you for THE CITY OF NATIONAL CITY (Name of Public Agency) I understand that you will handle its deposits according to your arrangements for services of this type and according to a Contract for Deposit of Money between us on dated 8/19i20t6 You will inform me of any changes in these services that affect this depositor's rights and obligations. You may. Endorse checks for this public entity which you receive for deposit. I certify that • I am legally charged with receipt and safekeeping of funds into the Treasury of this public entity and am authorized to establish deposit accounts with you. • For time deposit accounts, I am authorized to establish one or more accounts now and other accounts later under this agreement. • I and the following official deputies are authorized to deposit and withdraw funds from each account established under this agreement. • You received and agree that the Public Agency accounts will be governed by Citizens Business Bank's Bank Disclosure Information and Bank Product and Service Information. NAME (Print or Type) TITLE (Print or Type) 1. GARY LEE PRESIDENT 2. ALITHIA VARGAS-FLORES VICE PRESIDENT 3. LESLIE DEESE CITY MANAGER 4. MARK ROBERTS DIRECTOR OF FINANCE This authority shall remain in force until you receive a sealed revocation notice from the Legislative Body of this public entity or from me. I also certify under penalty or perjury that the number shown on this form is the Public Agency's correct taxpayer identification number. SIGNER OF CONTRACT NAME AND SIGNATURE LESLIE DEESE ACCOUNT INFORMATION CLASS CODE RESP. CODE APR V. BY OPENED DATE CLOSED CLOSING REASON/ CODE CUSTOMERS) AUTHORIZATION TO ADD NEW ACCOUNT TYPE ACCOUNT a DATE BY DDA 237142004 CLOSED ACCOUNTS INACT DATE ACCOUNT NO. REASON DATE ACCOUNT NO REASON Contract for Deposited Moneys? BUSINESS ACCOUNTS - Documentation Reviewed? Dated: 8/19/2016 Facsimile Signature? Funds Transfer Signature Form Reviewed? Service Provider Agreement? © OFAC Verification © ChexSystems O Yes 0 Yes ❑ Yes ❑ Yes ❑ Yes ❑ No ❑ No 0 No 0 No IX—) No CORPORATE ADDRESS 1243 NATIONAL CITY BLVD TELEPHONE NO 619-336-7330 CITY, STATE, ZIP NATIONAL CITY CA 92028 ACCOUNT NO 237142004 MAILING ADDRESS 1243 NATIONAL CITY BLVD NATIONAL CITY CA 92028 C HOLD STATEMENT ACCOUNT NO MAILING ADDRESS _ HOLD STATEMENT DATE CARD RECEIVED Tax I.D. No. 95-6000749 ACCOUNT NAME (PUBLIC ENTITY) THE CITY OF NATIONAL CITY ACCOUNT NUMBER 237142004 You may pay out funds with any 2 (number) of the signatures below. 4410* Each person signing below agrees the Taxpayer Identification number (Tax I.D. No), shown to the right of their name and title is their correct Tax identification number, and that he/she is not subject to backup withholding either because he/she have not been notified that he/she am subject to backup withholding as a result of a failure to report all interest or dividends, or the Internal Revenue Service has notified he/she that he/she no longer subject to backup withholding. AUTHORIZED SIGNATURE(S) 1. SIGNATURE NAME/TITLE GARY LEE SOCIAL SECURITY NO. 564-98-4473 1 Date PRESIDENT IDENTIFICATION DL E0570111 2. SIGNATURE NAME/TITLE ALITHIA VARGAS-FLORES V. PRESIDENT Date SOCIAL SECURITY NO. 563_95-5321 IDENTIFICATION DL A9950553 3. SIGNATURE NAME/TITLE LESLIE DEESE SOCIAL SECURITY NO. CITY MNGR. I IDENTIFICATION Date 4. SIGNATURE NAME/TITLE MARK ROBERTS SOCIAL SECURITY NO. Date DIRECTOR IDENTIFICATION SPECIAL INSTRUCTIONS Port Number: CITIZENS BUSINESS BANK CONTRACT FOR DEPOSIT OF MONEYS This CONTRACT FOR DEPOSIT OF MONEYS (this "Contract"), relating to the deposit of moneys, made as of the 19 day of August , 2016 , between (hereinafter designated "Depositor") Leslie Deese acting in his/her official capacity as City Manager ("Treasurer," "Finance Director," etc.) of City of National City (Hereinafter designated "Depositor"), and Citizens Business Bank (hereinafter designated "Depository"). WITNESSETH: WHEREAS, the Depositor proposes to deposit with the Depository from time to time. moneys in his/her custody in an aggregate amount on deposit at any one time not to exceed the total shareholder's equity of the Depository. and said moneys will be deposited subject to Title 5, Division 2, Part I, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code of the State of California ( the "Local Agency Deposit Security Law"); and WHEREAS, said provisions of the Government Code require the Depositor to enter into a contract with the Depository setting forth the conditions upon which said moneys are deposited; and WHEREAS, in the judgment of the Depositor, this Contract is to the public advantage; NOW, THEREFORE, it is agreed between the parties hereto as follows: I. This Contract cancels and supersedes any previous contracts between the Depositor and the Depository relating to the method of handling and collateralization of deposits of moneys. 2. This Contract, but not deposits then held hereunder, shall be subject to termination by the Depositor or the Depository at any time upon 30 days' written notice. Deposits may be withdrawn in accordance with the agreement of the parties and applicable federal and state statutes, rules and regulations. This Contract is subject to modification or termination upon enactment of any statute, rule or regulation, state or federal, which, in the opinion of the Administrator of Local Agency Security, is inconsistent herewith, including any change relative to the payment of interest upon moneys so deposited by the Depositor. 3. Interest shall accrue on any moneys so deposited as permitted by any act of the Congress of the United States or by any rule or regulation of any department or agency of the Federal Government adopted pursuant thereto. If interest may legally be paid, all moneys deposited in accordance with this Contract shall bear interest at a rate agreed upon by the Depositor and the Depository. Revision Date: 7/18/2014 4. The Depository shall issue to the Depositor at the time of each inactive deposit a • receipt on a form agreed to by the Depository and the Depositor, stating the interest to be paid, if any, the duration of the deposit, the frequency of interest payments, and the terms of withdrawal. Each such deposit receipt is by reference made a part of this Contract. 5. As security for said deposit, the Depository shall at all times maintain with the Agent of Depository named herein, commencing forthwith, eligible securities having a market value at least 10% in excess of the actual total amount of local agency moneys on deposit with the Depository. If any eligible security is determined by the Administrator of Local Agency Security of the State of California in accordance with Government Code Section 53661 to be not qualified to secure public deposits, additional security shall be substituted immediately by the Depository, as necessary, to comply with the requirements of this Paragraph. 6. Eligible securities are those listed in Government Code Section 53651. 7. The Agent of Depository, authorized by the Depositor and the Depository to hold the eligible securities posted as collateral under this Contract is Bank of New York Mellon. Said Agent of Depository has filed with the Administrator of Local Agency Security of the State of California an agreement to comply in all respects with the provisions of Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code. 8. Authority for placement of securities for safekeeping in accordance with Government Code Section 53659 is hereby granted to the Agent of Depository, including placement with any Federal Reserve Banks or branches thereof. 9. If the Depository fails to pay all or part of any deposits of the Depositor which are subject to this Contract when ordered to do so in accordance with the terms of withdrawal set forth on the applicable deposit receipt, the Depositor will immediately notify, in writing, the Administrator of Local Agency Security. Action of the Administrator in converting the collateral required by Paragraph 5 above for the benefit of the Treasurer is governed by Government Code Section 53665. 10. The Depository may add, substitute or withdraw eligible securities being used as security for deposits made hereunder in accordance with Government Code Section 53654, provided the requirements of Paragraph 5 above are met. 1 1. The Depository shall have and hereby reserves the right to collect the interest on the securities, except in cases where the securities are liable to sale or are sold or converted in accordance with the provisions of Government Code Section 53665. 12. The Depository shall bear and pay the expenses of transportation to and from the Treasurer's office of moneys so deposited and the expense of transportation of eligible securities maintained as collateral to and from the designated Agent of Depository. 13. This Contract, the parties hereto, and all deposits governed by this Contract shall be subject in all respects to Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630) of the Government Code, and of all other state and federal laws, statutes, rules and regulations applicable to such deposits, whether now in force or hereafter enacted or promulgated, all of which are by this reference made a part hereof. IN WITNESS WHEREOF, the Depositor in his/her official capacity has signed this Contract. Depository has caused this Contract to be executed by its duly authorized officer. Revision Date: 711812014 DEPOSITOR: DEPOSITORY: City of National City Name of Depositor Signature Leslie Deese Citizens Business Bank Signature Printed Name Printed Name City Manager Title Title Date Date Revision Date: 7/18/2014 CITIZENS BUSINESS BANK WAIVER AGREEMENT This Waiver Agreement relating to the deposit of moneys made as of the 19 day of August , 20 16 , between City of National City Depositor) and Citizens Business Bank (Depository). WITNESSETH: WHEREAS, Depositor has executed a Contract for Deposit of Moneys (the "Contract") with Citizens Business Bank. WHEREAS, the Contract requires Citizens Business Bank to maintain eligible securities having a market value of at least 10% in excess of the actual deposit of moneys. WHEREAS, the Federal Deposit Insurance Corporation (FDIC) insures against loss up to the maximum insured amount for depositors of Citizens Business Bank. NOW, THEREFORE, it is agreed between the parties hereto as follows: Depositor agrees to waive the provisions of section 5 of the Contract, including the requirement that Depository collateralize Depositor's deposits with eligible securities, and Depositor agrees to waive the provisions of applicable law and regulation requiring the collateralization of Depositor's deposits, but only to the extent that Depositor's deposits are then insured by the FDIC. Accordingly, Depositor agrees that Depository must, at any particular time, collateralize in accord with the Contract only the portion of Depositor's Deposits that are not then insured by the FDIC, IN WITNESS WHEREOF, the Depositor has signed this Waiver Agreement and the Depository has caused the Agreement to be executed by its duly authorized officer. DEPOSITOR: DEPOSITORY: City of National City Citizens Business Bank Name of Depositor Signature Leslie Deese Signature Printed Name Printed Name City Manager Title Title Date Date Revision Date: 7/18/2014 CITIZENS BUSINESS BANK FACSIMILE SIGNATURE AGREEMENT City of National City Customer/Account Name Account Number (s) Citizens Business Bank ("Bank") and the Customer named above agree as follows: 1. Bank may honor checks or drafts for the payment of money drawn on Customer's above described accounts when the items bear or appear to bear the facsimile signature of any of the following persons: Print Name Gary Lee Signature Facsimile Print Name Alithia Vargas -Flores Signature Facsimile Print Name Signature Facsimile 2. Bank may honor and charge Customer for such items, regardless of by whom or by what means the actual or purported facsimile signature has been made, provided the facsimile signature resembles the signature, or the facsimile specimen, which Customer has filed with Bank. 3. All previous authorizations for the signing and honoring of checks, drafts or other orders for the payment of money drawn on Bank by Customer are continued in full force and effect. 4. Customer agrees to hold Bank harmless and indemnify Bank from and against any and all loss, cost, expense, including reasonable attorney's fees, resulting from Bank acting upon such authorization which Bank reasonably believes to have come from the customer. 5. Bank may terminate this agreement at any time with or without cause or prior notice. Dated: By: Authorized Signature Title: City Manager CORPORATE CERTIFICATION I certify that: I am the Secretary or Assistant Secretary of the Corporation named above; 1 hereby certify that the following resolution is a complete and accurate copy of a resolution duly adopted by the Corporation's Board of Directors: "RESOLVED: The President, any Vice President, the Secretary, or Treasurer of this Corporation is authorized to enter into Facsimile Signature Agreements with Citizens Business Bank on behalf of this Corporation. FURTHER RESOLVED: This authorization is in addition to any other authorizations in effect and shall remain in effect until Citizens Business Bank receives written notice of its revocation at each office where this Corporation's accounts are maintained." * The resolution is now in full force and has not been revoked or changed in any way. DATED: SIGNATURE OF SECRETARY OR ASSISTANT SECRETARY See page two for Authorization by Partnership, LLC', Lodge, Society, Unincorporated Association or Public Entity AG-005D 01/05/2005 1 AUTHORIZATION By Partnership, Limited Liability Company, Lodge, Society, or Unincorporated Association By signing below, you certify and agree that: If Customer is a partnership, the persons signing below as partners constitute all of the general partners of the partnership, and authorize the person signing on page one to enter into Facsimile Signature Agreements with Citizens Business Bank. 2. If the Customer is a limited liability company, lodge, society or unincorporated association, the persons signing below are members or officers of Customer and are authorized to enter into Facsimile Signature Agreements with Citizens Business Bank. 3. This Authorization is in addition to any other authorization in effect and shall remain in effect until Citizens Business Bank receives written notice of its revocation at each office where Customer's accounts are maintained. Date: By: By: PARTNER, MEMBER OR OFFICER PARTNER, MEMBER OR OFFICER By: By: PARTNER, MEMBER OR OFFICER PARTNER, MEMBER OR OFFICER By: By: PARTNER, MEMBER OR OFFICER PARTNER, MEMBER OR OFFICER AUTHORIZATION By Public Agency By signing below, you certify and agree that: I. The persons signing below are authorized officials of City of National City and authorize the Name of Public Agency person signing on page one to enter into a Facsimile Signature Agreement with Citizens Business Bank. 2. This Authorization is in addition to any other authorization in effect and shall remain in force until Citizens Business Bank receives a written notice of its revocation at each location where the accounts are maintained from the Legislative Body of this public agency. Date: By: Title: City Manager By: Title: AG-005D 01/05/2005 2 RESOLUTION NO. 2016 — RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE CITY MANAGER TO EXECUTE A BANK -DEPOSITOR AGREEMENT, FACSIMILE SIGNATURE AGREEMENT, AND CONTRACT FOR DEPOSIT OF MONEYS WITH CITIZENS BUSINESS BANK TO ESTABLISH A TRUST ACCOUNT WITH ADMINSURE, INC. AS THE THIRD PARTY ADMINISTRATOR FOR THE CITY'S WORKERS' COMPENSATION CLAIMS WHEREAS, on June 21, 2016, the City Council adopted Resolution No. 2016-88 approving an Agreement with AdminSure, Inc., to provide comprehensive Workers' Compensation claims administration services for a period of two years with an option to extend the agreement for up to three (3) additional years; and WHEREAS, as stipulated in the agreement, the City shall establish and maintain a checking account from which all Workers' Compensation benefits and expenses are to be paid, and the third party administrator shall prepare checks and issue those checks directly to the claimants. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the City Manager to execute a Bank -Depositor Agreement, Facsimile Signature Agreement, and Contract for Deposit of Moneys with Citizens Business Bank to establish a trust account with AdminSure, Inc., as the third party administrator for the City's Workers' Compensation claims. PASSED and ADOPTED this 6th day of September, 2016. Ron Morrison, Mayor ATTEST: Michael R. Dalla, City Clerk APPROVED AS TO FORM: Claudia Gacitua Silva City Attorney CITIZENS BUSINESS BANK The Bank Business Banks On 1095 North Garey Avenue P.O. Box 2508 Pomona, California 91769 Phone (909) 629-4151 Fax (909) 629-9557 September 16, 2016 City of National City 1243 National City Blvd National City, CA 92028 RECEIVED SEP 292016 CITY OF NATIONAL CITY CITY MANAGER'S OFFICE Dear Leslie; Please find copies of the bank contracts and agreements that were requested. If you have any questions please feel free to contact me at this phone or address or my email address; eennis@cbbank.com. Sincerely, V C_ Eddie Ennis Vice President Service Manager Citizens Business Bank