| | | | | | | |
CITY COUNCIL AGENDA COMMUNICATION |
|
| | | | | | | | | AGENDA DATE: | April 23, 2019 |
|
| | | | | | | | | SUBJECT: | Adopt a Resolution Authorizing City Representatives to Execute Related Bank Depository Documents. |
|
| | | | | | | | | STAFF RESOURCE: | Eric Cannon, Chief Financial Officer |
|
| | | | | | | | | PREVIOUS COUNCIL ACTION: | On September 11, 2018, the City Council adopted Resolution No. 3606-9-18(R) that authorized certain city representatives to execute related bank depository documents. |
|
| | | | | | | | | ACTION PROPOSED: | Adopt a Resolution Authorizing City Representatives to Execute Related Bank Depository Documents. |
|
| | | | | | | | BACKGROUND
A Resolution designating city representatives who are authorized to execute bank related documents is attached. The Assistant City Manager, Chief Financial Officer, and Assistant Chief Financial Officer are listed as the city representatives authorized to execute any of the bank documents on behalf of the City. Such documents would include signature card authorizations, an ACH agreement, a Funds Transfer Agreement, or other documents associated with banking services.
|
| | | | | | | | STAFF RECOMMENDATION
Staff recommends the City Council to adopt a Resolution authorizing city representatives to execute related bank depository documents.
|
| | | | | | | | MOTION
I make a motion to adopt Resolution No._______________ designating City Representatives authorized to execute all related bank depository documents.
|
|