HomeMy WebLinkAboutRes2020-011 Sponsored
OF SEWARD, ALASKA by: Meszaros
RESOLUTION 2020-011
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
NOW, THEREFORE, 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 Tammy Stromberg, Finance Director
Norm Regis, Harbormaster 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 All previously approved resolutions in conflict herewith are hereby rescinded.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 adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this
10`h' day of February, 2020. 1
TH ' C ► O ' SEW.: ' i a • SKA
a.
Christy Terry, ayor
CITY OF SEWARD,ALASKA
RESOLUTION 2020-011
AYES: McClure, Butts, Osenga, Crites, Terry
NOES: Baclaan
ABSENT: Seese
ABSTAIN: None
ATTEST:
Brenda J. Ba1lo , MMC
City Clerk
(City Seal). of SF11;#••
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Council Agenda Statement
Meeting Date: February 10, 2020
Through: Scott Meszaros, City Manager
From: Tammy Stromberg, Finance Directo-r<k-s
Agenda Item: 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
Finance Director 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 N/A
E. Comprehensive Plan (document source here): X
2. Strategic Plan doctrn:e.r1 source here): X
3 Other (list): Seward City Code 5.15 Investment & Collateralization of X
--] I
Public Funds
ATTORNEY REVIEW: Yes X No
FISCAL NOTE:
This action has no fiscal impact on the City.
Approved by Finance Department:
RECOMMENDATION:
Council approve Resolution 20202" updating the authorized signatories to the City of Seward's bank
accounts and rescinding previous resolutions in conflict herewith.
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