HomeMy WebLinkAbout2016-54 CC Reso - Contracts with MUFG UNION BANK, N.A.RESOLUTION NO. 2016-54
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH AUTHORIZING CITY
OFFICIALS TO ENTER INTO CONTRACTS WITH MUFG UNION BANK, N.A.
WHEREAS, the City Council approved a banking relationship with MUFG Union Bank, N.A. on
May 1, 2002; and
WHEREAS, it is necessary for appointed City officials to sign documents implementing the
Council's action; and
WHEREAS, the City Manager and the City Director of Finance are the appropriate City officials
to sign documents implementing the MUFG Union Bank, N.A. agreement.
NOW, THEREFORE, BE IT RESOLVED, that the officers now or subsequently holding the
positions of City Manager or Finance Director with the City of Ukiah are authorized by the City
Council under California Government Code 53649 to enter into any contract with MUFG Union
Bank, N.A. relating to any deposit which in his or her judgment is to the public advantage.
Contract requirements could include:
• Establish bank accounts and services.
• Sign, or change in writing, agreements with Bank regarding City of Ukiah'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:
o Withdraw funds from any Public Entity's banking accounts on the Public Entity's
checks or orders.
o 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.
o 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.
o Otherwise access the Public Entity's deposit accounts.
This Authority has been granted by the City Council 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.
PASSED AND ADOPTED on September 21, 2016, by the following Roll Call Vote:
AYES: Councilmembers Mulheren, Doble, Brown, and Mayor Scalmanini
NOES: None
ABSTAIN: None
ABSENT: Councilmember Crane
Ste en G. Scalmanini, Mayor
ATTEST:
Kristine Lawler, City Clerk