HomeMy WebLinkAboutRes2019-049 Sponsored by: Meszaros
�.r CITY OF SEWARD, ALASKA
RESOLUTION 2019-049
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AUTHORIZING SIGNATURES FOR ALL CITY BANK
ACCOUNTS AND RESCINDING ALL PREVIOUS RESOLUTIONS IN
CONFLICT HEREWITH
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, that:
Section 1. Any two of the following signatures shall appear on all checks, drafts, notes
or orders drawn against the City of Seward bank accounts maintained at the Seward Branch of
Wells Fargo or the Seward Branch of the First National Bank of Anchorage:
Scott Meszaros, City Manager Kristin Erchinger, Finance Director
Sam Hickok, Assistant Finance Director Brenda Ballou, City Clerk
Section 2. Any one of the above persons shall have access to and full power to remove
the contents of and to exchange or surrender the safe deposit boxes rented by the City of Seward
located at the Seward Branch of Wells Fargo under the terms of the City of Seward's banking
services agreement with Wells Fargo.
Section 3. Any one of the above persons shall have authority to invest City monies with
financial institutions as prescribed by the Seward City Code Chapter 5.15, Investment and
Collateralization of Public Funds.
Section 4. All previously approved resolutions in conflict herewith are hereby rescinded.
Section 5. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this
13`h day of May, 2019.
THE CITY OF SEWARD, ALASKA
David Squires, for
CITY OF SEWARD, ALASKA
RESOLUTION 2019-049
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AYES: McClure, Towsley, Seese, Osenga, Lane
NOES: None
ABSENT: Horn
ABSTAIN: None
ATTEST:
Brenda J. Ballo , MMC
City Clerk
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Meeting Date:
Through:
From:
Agenda Item:
Council Agenda Statement
May 13, 2019
Scott Meszaros, City Manage�
Sam Hickok, Assistant Finance Director�
Authorization for Banking Signatures
BACKGROUND & JUSTIFICATION:
The Seward City Council is required to pass a resolution listing the individuals authorized to invest
monies and/or sign banking documents on behalf of the City of Seward. The recent hiring of a
new City Manager provides the need to update this authorization. This action forms the basis upon
which signature cards will be updated at the local banking institutions, and checks and City
payments and investments will be authorized on behalf of the City.
While each individual listed on the resolution is authorized to act on behalf of the City, the City's
practice is to have two separate individuals authorize every investment, approve all City payments,
and authorize all electronic banking transactions.
CONSISTENCY CHECKLIST: Yes No NIA
1. Comprehensive Plan (document source here):X
2. Strategic Plan (document source here):X
3. Other (list): Seward City Code 5.15 Investment & Collateralization of X Public Funds
ATTORNEY REVIEW __ Yes X No
FISCAL NOTE
This action has no fiscal impact on the City.
Approved by Finance Department: � �
RECOMMENDATION
Seward City Council approve Resolution 2019-049 updating the authorized signatories to the City
of Seward's bank accounts and rescinding previous resolutions in conflict herewith.
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