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AGENDA ITEM NO. 6.
CITY OF HAWTHORNE City Council AGENDA BILL For the meeting of 01/13/2026 Originating Department: Finance |
City Manager:
Department Head:
SUBJECT:
RESOLUTION NO. 8576, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HAWTHORNE, CALIFORNIA, AUTHORIZING CERTAIN DESIGNATED CITY OF HAWTHORNE OFFICERS TO ORDER THE DEPOSIT OR WITHDRAWAL OF MONIES FROM THE BMO BANK N.A. ACCOUNTS.
RECOMMENDED MOTION:
Adopt Resolution No. 8576.
DISCUSSION:
Resolution No. 8576 provides that the following officials are authorized to conduct transactions on the BMO Bank N.A. accounts: City Manager, Director of Finance, and Sr. Finance Analyst to: 1) order the deposit or withdrawal of monies in the BMO Bank N.A. accounts, 2) execute a request of agency address change, 3) transfer funds, 4) add bank account numbers and 5) execute any other BMO Bank N.A. documents.
ECONOMIC DEVELOPMENT STRATEGIC PLAN:
N/A
FISCAL IMPACT:
None.
NOTICING PROCEDURE:
72 hours posted notice pursuant to the Ralph M. Brown Act.