HomeMy WebLinkAboutResolution - 2783 STATE OF CALIFORNIA) RESOLUTION NO. 2783
COUNTY OF RIVERSIDE)ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, TO CHANGE AUTHORIZED OFFICERS
FOR BUSINESS ON LINE BANKING AGREEMENT WITH BANK OF
HEMET
WHEREAS, the City of San Jacinto adopted Resolution 2362 on August 1,
2002 to enter into an Business On Line Banking Agreement with the Bank of Hemet;
and
WHEREAS, the City of San Jacinto adopted Resolution 2484 on May 1, 2003
to update its schedule of Authorized Officers with Bank of Hemet; and
WHEREAS, the City periodically updates its schedule of Authorized Officers
with Bank of Hemet; and
WHEREAS, the City has designated the titles of Mayor, Vice Mayor,
Treasurer and Finance Director as Authorized Officers on the Business On Line
Banking Agreement.
NOW THEREFORE, BE IT HEREBY RESOLVED by the Mayor and City Council
of the City of San Jacinto, California, the following will be Authorized Officers and
facsimile signatures on Bank of Hemet accounts:
Mayor Chris Carlson Buydos
Vice Mayor Dale Stubblefield
Treasurer Jim Potts
Finance Director Bernard Simon
PASSEDD, APPROVED, AND ADOPTED this 18th day of August, 2005 by the following
vote:
Ayes: Ayres, Shaw, Stubblefield, Carlson Buydos
Nays: None
Abstain: None
Absent: Ritchie
City of San Jacinto
yt6ris r son Buydos
Pap I oft
ATTEST u '
:
�I
D rothy L. C uinard, City Clerk
APPROVE S O RM:
J
C orney, City of San Jacinto
Best, Best& Krieger, LLP
Resolution of the Board of Directors
t
of
=v of San Jacinto
„ ("Company")
WHEREAS, the Board has r:c owed copies of the proposed The Bank of Hemet Business Online Bancin; Services
Agreement(the"Agrtoment"),to be mi=d into by and between the Company and T e B-mic aPHemet(tae"Bank");and
W EREAS,:he Board has dctcrmincd that its participation in The Bank ofHemu's Suslitess Online Banking services will
be on the terms and co:idittons set forth ut the Agreement.
NOW,THER::FORE,BE IT RESOLVED AS FOLLOWS:
1- It is in the best interest of the Company to participate in the Business Online Banking Se-vices,such paaiciparion
to be on dre:arms and conditions set forth in the Agreement;and
The Board aathurizes and directs an authorized officer of the Company,for and on oehalf of the Companp to
negatiate,exez ate and deliva-fee Ageement with such terms,covenant;,and cunditio7m as such oMcer or officers executing the
Agreemcnton behalf ofthe Company may approve,such aperoval ro be conclasively evidenced by he execution and delivery of the
Agreement;aryl
3. The Board has considcrcd the security procedures contemplated'.v the Agrccarcnt,and finds that such security
procedures are commercially reasonable procedures for verifying that a transfer request or other communication picporting to have
been issued by the Company as originate is in fact a transfer request of the Company. In reaching this detemiinatim,the Board has
considered the size,type,aad frequency of€ransf r requests that the Company anticipates issuing to the Bark. A.comts accessibs
through the System include current of fu:are deposit and loan or line of credit accounts with the Bank. The Beard is aware tMi
Company may attain higher deg<ces of security,including but act limited to,requiring a second review for naasf r requests and
squiring a tali-back confirmation for all w-ira transfer request .
4. The Board authorizes and directs an authorized officer of the Company, to desiZnate one or more persons
authorized to initiate rmsf r requests pursuant to the Agreement,to conenunicata the name and title oesuch person or persons and
any other required information to the Bank in he form of Worksheets as set forth in the Agreement,or in any other form agreed to
by Bank,and to add and remuve persons front such Vt"o-Lksheets,and amend any information contained thereon,from tine:o time as
may be appropriate.
The Board aahorizes aaauthorized officer of the Company in connection with tee Ag eement to delegate any of
the authorities granted to hint or her under these resolurioas to one or more persons and to revoke any authortzation granted to any
such person,as he or she deems appropriate;and
6. The Bank is authorized to act and rely on these Resolutions un-ii it actually receives wntten notice of their
amendment or revocation;and
7, As used is these Resolutions,the term au:husized officer of: e onpany shall mean the folluwuig acting' any
two together❑separately(please cheat ono)-
Title Dame �'7 nature
a. Mayor Chit CarlsonsSuydos
r
b Vice Mr-,.,or Dale Stubblefield Imo} v
c. '1'r2asur.r Jiro pnt-ti L4 �+
d. Finance Director Bernard S=cr_
f.
- SECRETARY'S CERTIFICATE
The undersiped,_&e6retaF)r4 C t3z ("lark cf the City of San acinto
a California corporation(the"Company"),hereby Terri cs as follovvs:
a. Attachedhereto is atrue,complete and correct copy of cenairtresolutions of the Board of Directors of
the Company,duly adopted by the Board at a meeting ddv called and herd,at which a quorum was present and acting
throughout;and
b. Such resolutions have not been amended,moditied or=esnr:Aed and remain in bil I force and effect(in
the date hereof.
IN WITNESS WHEREOF,the undersigned has hereunto signed 2is name and caused this Certificate to be
delivered,on the date shown.
Date: August 19 2005
Signature:
M
Name: Dorothy L. Chouinarl
Title: See etary- City Clerk
SCHEDULE i
AUTHORIZED OFFICERS
Custorer has autilodzed the followutg officers acting ❑ separately X any two together to f ibmi:the W'orksheels,
irc:udirg but not lunited :e the Client Authorization, Client Account, Funds Transfa- AW'C) .ation, Employee
Authorization,and Employcc Account Authorization(collectively,"Work;h_:r,")to Battle:
1. Signature:
Name: Chris Car-son L'uydos
Title: Mayor
2. Signature:
Name: Dale Stubblefield
Vl(_k• Mayor
Title:
3. Signature-. LAJ
Name: Jim Potts
Title:
Treasurer
4. StgnatnrC:
Name: Bernard Siiron
Title: Finance Director
5. Signature:
Name:
Title:
Authorized S Qa tune: Date: W,,,sr t❑ 2nnc
Authorized Signature: li Date: August 18, 2005
Business Online ?aze 9
SCHEDULE Q
SECURITY PROCEDURES
Customer understands and agrees that the authenticity or transactions will be verified pursuant to the following security
procedures:
Basic Procedure-Access I➢and Password(applicable to all System use-s)
Customer will designate the users of the System. Cstnme:will select a unique Access[D for each user. Bank will issue
a temporary unique Password for each user. Upon. iritial log-on to the System, each user must change his or her
Password. Each user will be required to change his or her Password pe_1odically. Customer agrees that Bank is
authorized to act on instructions received under Customer's Password. Fo_additional security purposes, after three
unsuccessful attempts to use a Pmiwurd,the user's.access will be suspended and Customer will need to co_uact Batik to
have the Password reset or to obtain-a new temporary Password.
Baste Procedure for Universal Wire Transfers{also known as non-prearranged wire transfers)
[n addition to the above Basic Procedure, Batik will place a call back to Customer to verify the authei-ticiry of the
request. Bark will call the telephone number designated by Customer below. Ifno response is received from Customer's
designated:ele_hone number,or if verification cmutotbe obtained in accordance with the security procedures,Sank%Hl
treat the request as unauthorized and will not execute the request. Customer authorizes the C(l lowing persons to confirm
wire transfer re que sts:
;~lame: Bernard simon, finance Director
Name: Jim Potts, T-east='"er
Name:
Telephone number for cal[-back verification: (951) 651-7337
Customer requests Bark to confum the identity of the call-back person by(select one):
Q Personal IderitiF,ng Information Code provided by Bank 0 Formula^raided by Bann
Customer must immediately notify Bank if there is a change to any of the persnis listed above for cal[-back confirmation.
Optional Procedure—Customer Second Review;app`-cable only if caecked by Customer)
Q In additionatio the Basic Procedures described above,as applicable,Ctstomerelects to require a second review,by
Customer through the System, for fund transfer requests (internal transfe-s and wire transfers). A second review is
required for all Access IDrPa sword combinations except those issued to:
!Name:
Name:
Name:
Authorized Signature: �= Date: t 18, 2003
August 18, 2005
Authorized Signanu'e'. I , .. Date:
Business Online 9;uikinq d.'racmem Page to Revise36 4,04