HomeMy WebLinkAboutReso 032-97 Police Bank AcctRESOLUTION NO. 32 - 97
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
DESIGNATING THE PROVIDER OF BANKING SERVICES
FOR POLICE INVESTIGATION ACCOUNT
(California Federal Bank)
WHEREAS, on August 12, 1985, the Dublin City Council authorized the establishment of a Police
Investigations Account; and
WHEREAS, an interest beating account was initially established at Homestead Savings which was
acquired by 1st Nationwide Bank in 1995; and
WHEREAS, 1st Nationwide Bank has recently acquired Cal Fed Bancorp in a transaction which was
finalized on January 3, 1997; and
WHEREAS, 1 st Nationwide Bank has elected to change their name to California Federal Bank; and
WHEREAS, it is appropriate to have a resolution which clearly designates providers of banking services
to the City of Dublin; and
WHEREAS, the City has adopted accounting procedures related to this account including a restriction on
the total balance; and
WHEREAS, the account is interest bearing and will not incur service charges.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby
designate California Federal Bank as the provider of banking services for the City of Dublin Police
Investigations Account.
BE IT FURTHER RESOLVED that the City Manager and the Police Chief shall be the authorized signers
on the account and these officials are hereby authorized to execute any documents on behalf of the City of
Dublin to establish or amend the banking services provided to the City of Dublin by California Federal
Bank, as they may relate to this account.
PASSED, APPROVED AND ADOPTED this 1st day of April, 1997.
AYES:
Councilmembers Burton, Lockhart and Mayor Houston
NOES: None
ABSENT:
ABSTAIN:
ATTEST:
Councilmembers Barnes and Howard
None
/ LCi~ Clerk
Mayor
K2/G/4-1-9 7/resobank. doc
H:~Ca. YLRESOBANK. DOC