HomeMy WebLinkAboutRes2021-081 CITY OF SEWARD, ALASKA Sponsored by: Bower
RESOLUTION 2021-081
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 Anchorage:
Jessra Snyder, Finance Director Stephen Sowell, Assistant City Manager
LJanette Bower, 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 All previously approved resolutions in conflict herewith are hereby rescinded.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 adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 26th
day of July, 2021.
TICTI O SEW -D, 0SKA
isty Terry, ayor
CITY OF SEWARD, ALASKA wij
RESOLUTION 2021-081
AYES: DeMoss, Baclaan, McClure, Casagranda, Seese, Osenga, Terry
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
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Brenda J. Ballot, MMC
City Clerk
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City Council Agenda Statement
Meeting Date: July 26, 2021
To: City Council s
From: Janette Bower, City Manager
Agenda Item: 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 recent onboarding of
the 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 NIA
I. Comprehensive PIan: ✓
2. Strategic Plan: ✓
3 Other: Seward City Code 5.15 Investment & Collateral ization of Public ✓
Funds
Fiscal note:
Funding is from: This action has no fiscal impact on the City.
Finance Department approval:
Attorney Review:
Yes ❑ No Not applicable 0
Recommendation
City Council approval of Resolution 2021- ,Authorizing Signatures for all City Bank Accounts
and Rescinding all Previous Resolution in Conflict Herewith.