HomeMy Public PortalAboutResolution - 03-05- 20030212 - Issue Credit Cards RESOLUTION NO. 03-05
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
AUTHORIZING THE ISSUANCE OF DISTRICT CREDIT CARDS
AND RELATED BORROWING OF FUNDS FROM
FIRST NATIONAL BANK OF OMAHA
WHEREAS,the Midpeninsula Regional Open Space District is organized and existing
under and by virtue of the laws of the State of California, with its principal office at 330 Distel
Circle,Los Altos, Ca 94022-1404, and is duly authorized to transact business in the State of
California; and
WHERAS, the District currently holds several accounts and maintains in good
standing a business relationship with the Mid-Peninsula Bank, whose affiliate is First National
Bank of Omaha("Lender"); and
WHEREAS, the Lender has agreed to issue the District credit cards for use by
authorized managers or supervisors in the employment of the District, at no cost; and
WHEREAS, the District has authorized the General Manager, Assistant General
Manager, Operations Manager, Planning Manager, Public Affairs Manager, Administration and
Human Resources Supervisor, Skyline Area Superintendent, Foothills Superintendent, Real
Property Representative, Support Services Supervisor, and General Counsel to be issued District
credit cards; and
WHEREAS, the issuance of these credit cards will enable the District to borrow from
time to time from the Lender on such terms as may be agreed upon between the District and the
Lender, such sum or sums of money as in their judgment should be borrowed, however, not
exceeding at any one time the principal amount of twenty-two thousand and 00/100 dollars
($22,000.00), or two thousand and 00/100 ($2,000.00)per authorized position, in addition to
such sum or sums of money as may be currently borrowed by the District from the Lender;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the
Midpeninsula Regional Open Space District authorizes and agrees to the terms of the issuance by
the Lender of credit cards to specified District employees, and hereby rescinds Resolution
No. 99-44.
i
RESOLUTION No. 03-05
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space
District on February 12, 2003, at a Regular Meeting thereof, by the following vote:
AYES: N. Hanko, L. Hai,sett, J. Cyr, D. Lithe, K. Nitz, M. Davey, P. Sieme"
NOES: None
ABSTAIN: None
ABSENT: Novte
ATTEST: APPROVED:
Sec etary P esident
,Zoard of Directors Board of Directors
I, the District Clerk of the Midpeninsula Regional Open Space District, hereby certify that
the above is a true and correct copy of a resolution duly adopted by the Board of Directors of
the Midpeninsula Regional Open Space District by the above vote at a meeting thereof duly
held and called on the above day.
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