Resolution No. 2026-128
Resolution 2026-128
August 5, 2026
RESOLUTION NO. 2026-128
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO AUTHORIZING
DESIGNATED FINANCIAL INSTITUTIONS, APPROVING
AUTHORIZED SIGNATORIES FOR CITY BANKING,
INVESTMENT, OPERATING, DEBT TRUSTEE, AND
SUCCESSOR AGENCY ACCOUNTS, AND REVOKING
PRIOR INCONSISTENT AUTHORIZATIONS.
WHEREAS, the City of San Bernardino is a municipal corporation established under the laws of the State of California; and
WHEREAS, the City maintains various banking, investment, operating, and debt -related accounts with financial institutions and governmental investment programs for the purpose of conducting City business, managing public funds, and administering financial obligations; and
WHEREAS, the City and the Successor Agency maintain existing accounts and financial relationships with the institutions and programs identified by legal entity and limited purpose in Exhibit A, attached hereto and incorporated herein by this reference; and
WHEREAS, the City periodically needs to update authorized signatories due to changes in City personnel, organizational structure, or changes in employee duties and responsibilities; and
WHEREAS, the Successor Agency to the former Redevelopment Agency of the City of San Bernardino ("Successor Agency") maintains certain accounts and financial obligations requiring authorized representatives to conduct transactions and execute necessary documentation; and
WHEREAS, pursuant to Health and Safety Code section 34173, the Successor Agency is a separate public entity from the City, and the accounts, assets, liabilities, and financial obligations of the two entities must remain separately administered; and
WHEREAS, the financial institutions and service providers require formal authorization by the City Council identifying the individuals authorized to act on behalf of the City and, where applicable, the Successor Agency; and
WHEREAS, the Mayor and City Council desire to adopt a single comprehensive resolution authorizing financial institutions, establishing authorized signatories, and superseding prior inconsistent banking resolutions and authorizations.
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The foregoing recitals are true and correct and are a substantive part of this Resolution.
SECTION 2. City Financial Institutions and Programs. The financial institutions and programs identified under “City of San Bernardino” in Exhibit A are confirmed and authorized solely Resolution No. 2026-128
Resolution 2026-128
August 5, 2026
for the existing City accounts and limited purposes stated therein. City staff is authorized to complete and submit institution -required documents necessary to maintain those existing accounts and implement the authorized-representative changes approved by this Resolution.
This Resolution does not independently authorize a new financial institution, depository, account, service, account closure, or account transfer. Any such action shall require separate approval by the Mayor and City Council unless expressly permitted under applicable law and an existing Council-approved delegation of authority.
SECTION 3. The following City officials are hereby designated as authorized representatives and signatories for City banking, investment, operating, and debt trustee accounts maintained with the financial institutions and programs identified in Section 2 of this Resolution. Any individual appointed to serve in an acting or interim capacity in one of the below -designated positions shall possess the authority granted to that position under this Resolution during the period of such appointment, unless otherwise directed by the City Council.
Position Individual Name
City Manager
Deputy City Manager
Eric Levitt
Tanya Romo
Director of Finance & Management Services Tarik Rahmani
SECTION 4. All prior resolutions, authorizations, signature cards, and designations of authorized signatories adopted by the Mayor and City Council relating to City banking, investment, operating, debt trustee, or Successor Agency accounts are hereby superseded and revoked to the extent inconsistent with this Resolution.
SECTION 5. The authorized representatives identified in Section 3 are authorized, subject to applicable laws, City policies, internal controls, contractual requirements, and financial institution requirements, to: (1) Execute signature cards, account agreements, resolutions, certifications, account maintenance documents, treasury management documents, and other banking documents required by financial institutions; (2) Deposit, withdraw, transfer, invest, reinvest, or otherwise manage funds maintained in City accounts; (3) Execute instructions, certifications, and documents necessary for debt trustee services, including services provided by Computershare Trust Company, National Association; (4) Execute documents necessary to administer City operating accounts, investment accounts, special-purpose accounts, and other financial accounts maintained by the City.
Investment authority is limited to the Director of Finance and Management Services serving as City Treasurer and any additional Finance official authorized under applicable law and the Council-adopted Investment Policy.
SECTION 6. Unless otherwise required by law, applicable agreements, bond documents, investment requirements, or financial institution procedures, any two (2) authorized signatories identified in Section 3 are authorized to execute checks, drafts, and other negotiable instruments requiring multiple signatures on behalf of the City.
SECTION 7. Successor Agency Financial Institutions. The Mayor and City Council, acting solely as the governing board of the Successor Agency to the former Redevelopment Agency of the City of San Bernardino, confirm the financial institutions and programs identified under “Successor Resolution No. 2026-128
Resolution 2026-128
August 5, 2026
Agency” in Exhibit A solely for the existing Successor Agency accounts and limited purposes stated therein.
The officials authorized by this Resolution may execute institution- required documents and conduct transactions only on behalf of the Successor Agency and only to the extent permitted by applicable law, approved Recognized Obligation Payment Schedules, bond documents, indentures, trust agreements, account agreements, and internal controls.
Nothing in this Resolution authorizes the commingling of City and Successor Agency funds or permits a City obligation to be paid from Successor Agency funds, or a Successor Agency obligation to be paid from City funds, except as separately authorized by law and an approved agreement.
SECTION 8. Nothing in this Resolution shall supersede or modify any contractual, statutory, bond, loan, investment, or operating agreement requirement applicable to a specific account, including requirements for additional authorized representatives, approval procedu res, or financial controls.
SECTION 9. Bank of America is authorized solely for the Shandin Hills Golf Club operating account. This Resolution does not authorize other City accounts with Bank of America unless separately approved by the City Council. Any requirements contained in the agreement governing operation of Shandin Hills Golf Club regarding additional management representatives or account controls shall remain in effect.
SECTION 10. The authorized representatives identified in Section 3 are authorized to deposit and withdraw funds from the Local Agency Investment Fund on behalf of the City in accordance with applicable laws, regulations, and LAIF requirements.
SECTION 11. That the Mayor and City Council of the City of San Bernardino finds this Resolution is not subject to the California Environmental Quality Act (CEQA) in that the activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Where it can be seen with certainty, as in this case, that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA.
SECTION 12. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications, and to this end the provisions of this Resolution are declared to be severable.
SECTION 13. Effective Date. This Resolution shall become effective immediately.
APPROVED and ADOPTED by the City Council and signed by the Mayor and attested by the City Clerk this 5
th day of August, 2026.
Resolution No. 2026-128
Resolution 2026-128
August 5, 2026
Helen Tran, Mayor
City of San Bernardino
Attest:
Telicia Lopez, CMC, City Clerk
Approved as to form:
Albert Maldonado, City Attorney
Resolution No. 2026-128
Resolution 2026-128
August 5, 2026
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
I, Telicia Lopez, CMC, City Clerk, hereby certify that the attached is a true copy of Resolution No. 2026-128, adopted at a regular meeting held on the 5 th day of August, 2026 by the following vote:
Council Members: AYES NAYS ABSTAIN ABSENT
SANCHEZ
IBARRA
FIGUEROA
SHORETT
KNAUS
FLORES
ORTIZ
WITNESS my hand and official seal of the City of San Bernardino this day of 2026.
Telicia Lopez, CMC, City Clerk