HomeMy WebLinkAboutRes2022-011 Updating Bank Signatures Sponsored by: Bower
CITY OF SEWARD, ALASKA
RESOLUTION 2022-011
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:
Janette Bower, City Manager Stephen Sowell, Assistant City Manager
Sully Jusino, Acting Deputy 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 All previously approved resolutions in conflict herewith are hereby rescinded.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 adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska,this 24th
day of January, 2022.
T F ARD,A
sty Terry, yor
CITY OF SEWARD,ALASKA
RESOLUTION 2022-011
AYES: Osenga, Calhoon, DeMoss, McClure, Terry
NOES: None
ABSENT: Wells, Casagranda
ABSTAIN: None
ATTEST:
Brenda J. Bal u, MMC
City Clerk
(City Seal)
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City Council Agenda Statement
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Meeting Date: January 24, 2022 �
To: City Council
From: Janette Bower, City Manager --
Agenda Item: Resolution 2022-011: Authorizing Signatures for all City Bank Accounts and
Rescinding All Previous Resolution in Conflict Herewith
Background and 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
appointment of the new Acting Deputy Finance Director provides the need to update this
authorization.Thisaction 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.
Comprehensive and Strategic Plan Consistency Information
This legislation is consistent with (citation listed):
Comprehensive
Plan:
Strategic Plan:
Other: Seward City Code 5.15 Investment &Collateralization of Public Funds
Certification of Funds
Total amount of funds listed in this legislation: $
This legislation (✓):
Creates revenue in the amount of: $
Creates expenditure in amount of: $
Creates a savings in the amount of: $
X Has no fiscal impact
Funds are (✓):
Budgeted Line item(s):
Not budgeted
Finance Signature:
Attorney Review,/ Administration Recommendation
HXYes X Adopt Resolution
Not applicable Other: