HomeMy WebLinkAbout87-74 - Authorizing Mastercard Agreement with Wells Fargo BankRESOLUTION NO. 87-74
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AUTHORIZING THE EXECUTION
OF A MASTERCARD AGREEMENT WITH WELLS FARGO BANK,
NATIONAL ASSOCIATION AND AUTHORIZING LIMITED
INDEBTEDNESS THEREOF.
WHEREAS, certain City officials have occasionally been financially
inconvenienced by unexpected cash payment demands when on out-of-town trips
on City business; arra
WHEREAS, it occasionally becanes necessary to entertain guests and
visitors for official purposes of the City upon short notice thus creating
unexpected cash demands upon the personal financial resources of City
officials; and
WHEREAS, availability of charge cards would be beneficial to the City
because it is administratively convenient and will promote better
recordkeeping arra accountability.
NOW THEREFORE, EE IT RESOLVED, by the City Council of the City of
Costa Mesa that an agreement may be entered into between the City and the
Wells Fargo Bank, National Association for the establishment of three (3)
Mastercard accounts, in the aggregate maximum amount of seven thousand five
hundred dollars ($7,500), as follows:
1. First account, in the maximum amount of $2,500, with the
authorizing signature of the City Manager; and
2. Second account, in the maximum amount of $2,500, with the
authorizing signature of the City Attorney; and
3. Third account, in the maximum amount of $2,500, with the
authorizing signature of the City Director of Finance.
EE IT FURTHER RESOLVED, that the City Manager, the City Attorney and
the City Director cE Finance are hereby authorized to execute such an
agreement and to utilize such cards on behalf of the City for any appropri-
ate City purposes in accordance with the provisions of this Resolution.
PASSED AND ADOPTED this 20th day of July, 1987.
ATTEST:
C ty Clerk of the City of Costa M Mayor of the City of Cos Mesa
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss.
CITY OF CDSTA MESA )
I, EILEEN P. PHINNEY, City Clerk arra ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Resolution No. 87-74 was duly and regularly passed arra adopted by the
said City Council at the regular meeting thereof held on the 20th day of
July, 1987.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
cf the City of Costa Mesa this 21st day of July, 1987.
City Clerk and ex -officio Clerk of ppe
City Council of the City of Costa &sa