HomeMy WebLinkAboutR-1463 - Designating the City's banking relations and the authorized check signatures~..
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CIT Y 0 F MAR Y S V ILL E
MARYSVILLE.WASHINGTON
RESOLUTION NO./'163
A Resolution designating the City's banking
relations and the authorized check signatures.
WHEREAS.on November 28 and December 5.1990.the City
advertised for bids to provide the City's general banking
services;and
WHEREAS.following a pre-bid conference held
December 12.1990.bids were opened January 3.1991;and
WHEREAS.all bids received were evaluated and submitted
to the City Council on January 14.1991;and
WHEREAS.following evaluation oi all anticipated
banking services desired.the City Council desires to designate
its selection ior banking services;
NOW THEREFORE.THE CITY COUNCIL OF THE CITY OF
MARYSVILLE.WASHINGTON DO HEREBY DESIGNATE AND AUTHORIZE AS
FOLLOWS:
Section 1.Security Paciiic Bank Washington NA is
hereby designated as the oiiicial bank ior all oi the City's
general banking requirements.Said requirements are detailed
within the Request ior Proposals mailed to all commercial banks
within the City oi Marysville on November 30.1990.
Section 2.General banking requirements reierred to
herein shall not preclude the City irom investing its surplus
iunds with other iinancial institutions as may best meet the
City's requirements.
Section 3.Said general banking services with Security
Paciiic Bank Washington NA shall terminate December 31.1993.
unless otherwise extended or terminated by action oi the City
Council.
Section 4.The iollowing City oiiicers and employees
are hereby authorized to sign checks on behali oi the City:
(a)Checks and other debit documents issued against
the City's Primary Checking Account shall require one signature
oi either the City's Finance Director or the Assistant to the
City Administrator.
(b)Checks issued against the City's Claims Fund and
Payroll Fund shall require two signatures;one being that oi the
Mayor or Mayor Pro-Tem and one being that oi the City Clerk or
Deputy City Clerk.
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City of Marysville
Resolution No./<-(,,'3
(c)Checks issued against the City's Municipal Court
Checking Account shall require one signature of either the JUdge
or the Court Administrator.
(d)Checks issued against the Police Department's
Criminal Investigations Checking Account and the Drug Buy
Checking Account shall require two separate signatures of either
the Police Chief,Police Lieutenant,Police Confidential
Secretary,or the City's Finance Director.
Section 5,All checks issued by the City shall be void
following six months from the date issued.Checks so voided may
be re-issued upon presentation of documentation and assurance
that such re-issue is appropriate and will not constitute
duplicate payment for material or service rendered.
PASSED by the City Council and APPROVED by the Mayor
this 28th day of January,1991.
THE CITY OF MARYSVILLE
ATTEST:
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APPROVED AS TO FORM:
City Attorney