HomeMy WebLinkAboutRes2023-103 Updating Bank Signatures1
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Sponsored by:Sorensen.
Crrir OF ARD, ALASFA
•RESOLUTION 2023-10
A. RESOLUTION .OF TILE -CITY COUNCIL OF TITE CITV or SEWARh..
ALASKA, AUTHORIZING .SIGNATVREg. .FOR :ALL CITY RANK:
AcCOMS Asp RESCINDING ALT_ PREVIOUS ,RESOLVTIONS IN
corourT FIEREWITTI
NOW. TTI ER F. FORE. BE IT RESOLN ED 1311 'FILE tITY CCOUNCI L 0 F TTI E CM(
OF SEWARD, ALASKA., that:
SeOion 1. Au two of the, following Signatures thfl appear on all' et . dratiai note
or milers draw it against the City or Seward batik acuounti maiuflaincd ut the Sewani Branch Elf
ells FaEgo or the Sewell. Blanch rf thr.Find Natifund Bt$ An_ylyIt'ag:
- ,
Sully hjo.anca_Dircetor Kilth
.tason
Asiistagt City'Manager
, Rrip Peck, City Cluck
A I
L
.stetion 2..Any one or ibe above, persons shaithavelaccess vo and full !Iowa Po romove tho
Panienavor anti TO Aceltrame or sumendertlie safe deiroAI boxes rented by thc City of Seward
locatcd iix th Sewzini. Branch Di Walls Fargo 'under the ttart.5 of thin City of Sdcvann banking
services agreement With WeilFargo.
Setion 3.Aay one of.th ahoy(' person!, RITA! luivel BullibiLity to invest Cite inerts
with fitisalitiial fnstitutioh§ pitseribeti hy the Seward City Code Chapter 5.1S. Invest-moil-
tnd 0)1161.0-all:gal:ion of ?Oblic Funds,
cction 4. An prvviougly approved resolutionin cortil let twriAritil tirre hgre;by,
rescinded.
14c effe.-t in ruedi atel-v
PASSED AND APPROVED by tht: City (louncili of Me Ciry tyr Seward. Alasku this
day af Septembey1P:1.
rui diTY OTSEWARD,ALAS16
.SyneMeCture, MayDr
rn y QF.SEwARD, A LABKA
RESOLUTIOiw 212A-1I
AY FS•.: DeMoss, rmoh. Calhaitt, Tvli.Oure
NOES; 'm
ABSENT nrn ► z11
'ABSTAIN:: Norm
V kC'ANT Nnn
ATTEST
Kris Pe k
Ci ly Clerk
;(Ciiy.Seali
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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 onboardmg 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 invesnnents will be authorized on
behal f 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
Certification of Funds
Total amount of funds listed in this legislation: S
This legislation (✓):
Creates revenue in the amount of:
Creates expenditure in amount of: S
Creates a savings in the amount of: $
Has no fiscal impact
Funds are (✓"):
Budgeted Line item(s):
Not budgeted
S
81
Not applicable
Fund Balance Information
Affected Fund (✓):
General
Boat Harbor
Motor Pool
Available Fund Balance
SMIC
Parking
Other
Electric
Water
Wastewater
Healthcare
Note: amounts are unaudited
Finance Director Signature: No fiscal impact
Attorney Review
Yes
Attorney Signature:
Not applicable Comments:
Administration Recommendation
✓
Adopt Resolution
Other:
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