HomeMy WebLinkAbout88-22 - Mastercard Agreement with Security Pacific National BankRESOLUTION NO. 88-22
A RESOLUTION OF THE CITY OOUNCIL OF THE CITY OF
OOSTA MESA, CALIFORNIA, AUTHORIZING EXECUTION OF
A MASTERCARD AGREEMENT WITH SECURITY PACIFIC
NATIONAL BANK AND AUTHORIZING L]MITED INDEBTED-
NESS THEREOF.
WiEREAS, 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 becones necessary to entertain guests and
visitors fDr 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 record
keepirg and accountability;
NOR, 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
Security Pacific National Bank for the establishment of three (3) Master-
card accounts, in the aggregate maximum amount of seven thousand five
hundred dollars ($7,500.00), as fb1lows:
1. First account, in the maximum amount of $2,500.00, with the
authorizing signature of the City Manager; and
2. Second account, in the maximum amount of $2,500.00, with the
authorizing signature of the City attorney; arra
3. Third account, in the maximum amount of $2,500.00, with the
authorizing signature of the City Director of Finance.
EE IT FUER 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 4th day of April, 1988.
ATTEST:
Ci y Clerk of the City of Costa Mes Mayor of the City of Costa Mesa
STATE CF CALIFORNIA )
ODUNTY OF ORANGE ) ss
CITY OF CDS'IA 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 fpre-
going Resolution No. 88-22 was duly arra regularly passed arra adopted by
the said City Council at a special neeting thereof, held on the 4th day of
April, 1988.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 5th day of April, 1988.
City Clerk arra ex -officio Clerk of
City Council of the City of Costa M64a