HomeMy WebLinkAbout89-181 - Master Card Agreement with Security Pacific National BankRESOLUTION NO. 89-181
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, REVISING AND REPLACING
RESOLUTION NO. 88-22, AUTHORIZING EXECUTION OF
A MASTERCARD AGREEMENT WITH SECURITY PACIFIC
NATIONAL BANK AND AUTHORIZING LIMITED INDEBTED-
NESS THEREOF.
WHEREAS, Resolution No. 88-22 was adopted on April 4, 1988, which sets
forth limits for the establishment of three (3) Mastercard accounts; and
WHEREAS, certain City officials have occasionally been financially
inconvenienced by unexpected cash payment demands when on cut -of -town trips
on City business; and
WHEREAS, it occasionally becomes necessary to entertain guests and
visitiors for official purposes of the City upon short notice, thus creat-
ing unexpected cash demands upon the personal financial resources of City
officials; and
WHEREAS, availability of charge cards is beneficial to the City
because it is administratively convenient and promotes better record keep-
ing and accountability; and
WHEREAS, it has became necessary to increase the limits of said three
Mastercard accounts;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Costa Mesa that an agreement may be entered into between the City and
Security Pacific National Bank for the establishment of three ( 3) Master-
card accounts, in the aggregate maximum amount of fifteen thousand dollars
($15,000.00), as follows:
1. First account, in the maximum amount of $5,000.00, with the
authorizing signature of the City Manager; and
2. Second account, in the maximum amount of $5,000.00, with the
authorizing signature of the City Attorney; and
3. Third acount, in the maximum amount of $5,000.00, with the author-
izing signature of the City Director of Finance.
BE IT FURTHER RESOLVED that the City Manager, the City Attorney, and
the City Director of Finance are hereby authorized to execute such an
agreement and to utilize such cards on behalf of the City for any appropri-
ate City purpose in accordance with the provisions of this Resolution.
PASSED AND ADOPTED this 6th day of November, 1989.
Mayor of Ee Cit Costa Mesa
ATTEST:
City Clerk of the City of Costa O"sa
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk. and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Resolution No. 89-181 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof, held on the 6th day
of November, 1989.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 6th day of November, 1989.
p
ty Clerk and ex -officio Clerkf the
City Council of the City of Co Mesa
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