HomeMy WebLinkAboutRes2023-103 Updating Bank SignaturesSponsored by: Sorensen.
CITY OF SEWARD, ALASKA
RESOLUTION 2023-103
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 Bapk of Anc orage:
Sully Ju ' o, ancepirector Kath een S ro ensen, .ty Manager
s
Jason B4ckling, Assistant City Manager
Kris Peck, City Clerk
Section 2. Any one of the above persons shall leave 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 terns 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rescinded.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 11th
day of September 2023.
THE CITY OF SEWARD, ALASKA
Sue McClure, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2023-103
AYES: Osenga, DeMoss, Finch, Wells, Calhoon, McClure
NOES: None
ABSENT: Barnwell
ABSTAIN: None
VACANT: None
Kris Peck
City Clerk
(City Seal)
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City Council Agenda Statement
Meeting Date: September 11, 2023
To: City Council
From: Kat Sorensen, City Manager
Subject:
Resolution 2023-103: Authorizing Signatures For All City Bank
Accounts And Rescinding All Previous Resolutions 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 recent onboarding of
new City Manager and the resignation of the Assistant 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.
Sully Jusino, Finance Director Kathleen Sorensen, City Manager
Norm Regis, City Harbormaster
Kris Peck, City Clerk
Comprehensive and Strategic Plan Consistency Information
This legislation is consistent with (citation listed):
Comprehensive Plan:
Strategic Plan:
Other:
SCC 5.15 Investment and Collateralization of Public 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:
Has no fiscal impact
Funds are (✓):
Budgeted Line item(s):
Not budgeted
Not applicable
Affected Fund (✓):
General
Boat Harbor
Motor Pool
Available Fund Balance
SMIC
Parking
Other
Fund Balance Information
Electric
Water
Wastewater
Healthcare
Note: amounts are unaudited
Finance Director Signature: No fiscal impact
Attorne Review
Yes
Attorney Signature:
Not applicable Comments:
Administration Recommendation
Adopt Resolution
Other: