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AGENDA ITEM NO. 5.
CITY OF HAWTHORNE City Council AGENDA BILL For the meeting of 01/13/2026 Originating Department: Finance |
City Manager:
Department Head:
SUBJECT:
RESOLUTION NO. 8575, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HAWTHORNE, CALIFORNIA, AUTHORIZING CERTAIN DESIGNATED CITY OF HAWTHORNE OFFICERS TO ORDER THE DEPOSIT, INVESTMENT OR WITHDRAWAL OF MONIES FROM THE MULTI-BANK SECURITIES, INC. ("MBS") ACCOUNTS.
RECOMMENDED MOTION:
Adopt Resolution No.8575.
DISCUSSION:
Resolution No. 8575 provides that the following officials are authorized to conduct transactions on the Multi-Bank Securities, Inc. ("MBS") accounts: City Manager, Director of Finance, and Sr. Finance Analyst to: 1) order the deposit, investment or withdrawal of monies in the Multi-Bank Securities, Inc. ("MBS") accounts, 2) execute a request of agency address change, and 3) execute any other MBS documents.
ECONOMIC DEVELOPMENT STRATEGIC PLAN:
N/A
FISCAL IMPACT:
None.
NOTICING PROCEDURE:
72 hours posted notice pursuant to the Ralph M. Brown Act.