HomeMy Public PortalAboutResolution - 03-33- 20030924 - Issue Credit Cards RESOLUTION NO. 03-33
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MMPENINSULA 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
WHEREAS,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
CLendee,); 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 Area Superintendent,Real Property Manager, 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 thirty-two thousand and 00/100 dollars($32,000.00),which represents two thousand and 00/100
($2,000.00)per authorized position other than the General Manager, and twelve thousand and 00/100 dollars
($12,000.00)for the General Manager, in addition to such sum or sums of money as may be currently
borrowed by the District from the Lender on terms where funds are borrowed without use of credit cards.
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.03-05.
RESOLUTION NO. 03-33
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space
District on September 24, 2003, at a Regular Meeting thereof, by the following vote:
AYES: N. Hanko, P. Sieme", L. Hassett, K. N,itz, J. Cyrc, M. Davey, D. L.itte
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: / APPROVED:
' c
S retary esident
oard 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.
DiB Jerk