HomeMy WebLinkAboutRes2017-0751
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Sponsored by: Hunt
CITY OF SEWARD, ALASKA
RESOLUTION 2017-075
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 Alaska:
James Hunt, City Manager Kristin Erchinger, Finance Director
Ron Long, Assistant City Manager
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 All previously approved resolutions in conflict herewith are hereby rescinded.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 271n
day of November, 2017.
CITY OF SEWARD, ALASKA
RESOLUTION 2017-075
THE CITY OF SEWARD, ALASKA
David Squires, ffa&r
AYES: Casagranda, Keil, Slater, Towsley, Horn, Squires
NOES: McClure
ABSENT: None
ABSTAIN: None
ATTEST:
Brenda J. Ballou MC
City Clerk
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Council Agenda Statement
Meeting Date: November 27, 2017
Through: James Hunt, City Manage
From: Kristin Erchinger, Finance Director
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 creation of the new
position of Deputy 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
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
1.
Comprehensive Plan (document source here):
Strategic Plan (document source here):
Other (list): Seward City Code 5.15 Investment & Collateralization of
Public Funds
X
2.
X
3
X
ATTORNEY REVIEW Yes X No
FISCAL NOTE
This action has no fiscal impact on the City.
Approved by Finance: r 14,6zL,.U2
RECOMMENDATION
Seward City Council approve Resolution 2017-075, updating the authorized signatories to the
City of Seward's bank accounts and rescinding previous resolutions in conflict herewith.