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2016-08 Banking, Authorized Account Signers by PositionRESOLUTION NO. 2016 -08 A RESOLUTION BY THE CITY COUNCIL FOR THE CITY OF OKEECHOBEE, FLORIDA, AUTHORIZING CONTINUING RESOLUTION FOR EXECUTION OF BANKING DOCUMENTATION RELATED TO DEPOSIT ACCOUNTS OF THE CITY WITH VARIOUS FINANCIAL INSTITUTIONS, WHEREBY THE CITY DESIGNATES A FINANCIAL INSTITUTION AS A DEPOSITORY FOR FUNDS OF THE CITY; AUTHORIZING CERTAIN CITY OFFICIALS AS GOVERNMENTAL AGENTS TO UPDATE OR SUBMIT CERTIFICATES TO SUCH FINANCIAL INSTITUTIONS THE CITY MAY HAVE SELECTED FOR DEPOSIT OF FUNDS; PROVIDING FOR CONFLICT; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Okeechobee, Florida must select financial institutions in which to deposit funds from time to time, and to obtain certain banking services including, but not limited to money market investments, and qualified public deposit accounts; and WHEREAS, these institutions, as a prerequisite to maintaining an account, requires governmental entities to submit certificates of resolution, which banking forms set forth qualifying information concerning the City of Okeechobee, Florida, and its authorized agents who may execute documents, withdraw funds, transfer funds, make investment decisions, close accounts, and related necessary banking decisions; and WHEREAS, the submission of certificates of resolution and execution of same to these institutions is a pro forma procedure which designated City of Okeechobee staff should be authorized to perform on a continuing basis as needed; and WHEREAS, the intent of this Resolution is to create and authorize a continuing Resolution for the completion of these forms without the necessity of formal and additional action by the City Council; and NOW, THEREFORE, be it resolved before the City Council for the City of Okeechobee, Florida; presented at a duly advertised public meeting; and passed by majority vote of the City Council; and properly executed by the Mayor or designee, as Chief Presiding Officer for the City: SECTION 1: The above recitals are hereby incorporated into the body of this Resolution, and adopted as findings of fact. SECTION 2: That this Resolution shall be a continuing authorization for certain City of Okeechobee staff to execute and submit as needed, a certificate of resolution form provided by the financial institution which sets forth the necessary information and authorization as required by such institution to maintain the account(s). SECTION 3: That any two of the following four positions within the City of Okeechobee are authorized to execute the certificates of resolution for the financial institutions, and to be named by the City of Okeechobee to the institutions as authorized governmental agents, and to perform banking functions and deal with the funds and accounts as set forth in the certificate of resolution or as otherwise authorized by the City Council: - Mayor - City Clerk - City Administrator - Finance Director RESOLUTION NO. 2016 -08 PAGE 1 OF 2 SECTION 4: To the extent that there are any typographical and /or administrative errors and /or omissions that do not change the tone, tenor, or context of this Resolution, then this Resolution may be revised, without subsequent approve of the City Council of the City of Okeechobee. SECTION 5: Conflict. All resolutions or parts of resolutions in conflict herewith are hereby 1 repealed. SECTION 6: Severability. That if any portion of this Resolution should be judicially determined to be unenforceable, then the balance thereof shall continue to remain in full force and effect. SECTION 7: Effective Date. This Resolution shall take effect immediately upon its adoption. INTRODUCED AND ADOPTED in regular session this 1St day of November, 2016. ATTEST: Lane amiotea, C C, City Clerk REVIEWED FOR LEGAL SUFFICIENCY: John R. Cook, City Attorney RESOLUTION No. 2016 -08 PAGE 2 OF 2 James E. Kirk, Mayor i 1 1 n ) 9 % CDCL o -- 0. 0. 0 X 0. a) 0 i m o a O_ g. 0. 0 O N ca CO 8 a C O T En a1 0 c0 0 CID CCO 0 CD 0 < 0 n) 0 CD 3 C 0_ 0) 0 =00, a Via) 72 0 0•ro CD 5- r(- CD r 0 o Co X @ m� _ -3 0to.c a= m z m w 3- 0 v 0 0 m C7 o 0 CJ) 3 0) 0 on p 0 . n Co/ C 0 o 0 m = 0 0 73 a 0 Q. O CD 0 O p, 0 a) Z 5' 2. 0 CO CI- rn O O O CO cn_ v o 0 3- � o 0 Si" o 0 0 CD 0 o' 0 CO g m- D m 0 N O ..< O O g (0 0) C w n ° c C• a) O O r-- 0 0 s=O.`°�CD 0� m 0 O - co O CD 0 Dry N O co 0 Cn CD 3' 3- X 0 O' o N0-0- sy n. 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C/) 090 o C C 0 0 such CD 0 CD � 0 CD 0 c0 C 0 CD CO 0. 0_ CD o n CID 3- a) A z 0 ° O z m I I -<-< n n After a brief discussion on this item Mayor Kirk called for a vote. bZbC7Crn0D bG)rnxCo vzrnvOamc= m zv°)Ce„� •fir' -1O_no r rn � . o 0 O-i"nrr -o m e M 1 Mb y Gi a) co0-i 00 �- • W -n "1""4,30‘`.'' CD � O x O C A c,n -1rn N m rnrn0C) M c,CM— x'a�sno9 -1 Cs -a -- rn .y to rnrn ,rno O N �.l C X170; Scn r� s C7-i�M 3y a- N Q v t) z m Qm a 0 o - rZnaOCio C) O g 57;' O b n 0za�� --r ACM Lz7- +"'n�ZO -nOA r 0O0 OZcnr nM� Z1 co 0 0 IMO x.,10 S1nz Mrnm"IMaur S CO rTiaM r 0 0 r Q JO V 39Vd - ONI D 0 0 0 0 � 0 � ao/eW - JNI V3H mend 3SO10 "uoiloW UO 910A (o b) Public comments and discussion. gqt L ON aoueulpiJ dope of uopoW (e•Z 0 torney to read proposed Ordinance No. 1146 by title only. O o cG n ar 0 � g 3 m 3. 0 • Pa- m O m 0 0. m 0 o 0 O" 0 0 (01-0 *" 0- o °—' 0 E" 0 (4" o. co p' Z O cn m (o o °' 0 O 0 C° CD 0. a) ,{o 0 O N co o CD 0 6 0. rn Oo O 0) O O 0 m MAYOR KIRK CLOSED THE PUBLIC HEARING AT 6:16 P.M. O 0 o�, o P, 0 0 Q m 0 N c a ' 7-, X °o er M X O N m a n ro tU� cV 0 0 * N a o oz r11 2 m m a E" O 3 5_ cr N M -i 0 - 0 0 z °a F 0 D 0 0 1 = m rn 0 0 n m 0- s 0 0 y N 0 Motion and second by Council Members Chandler and Ritter to adopt proposed Ordinance No. 1146. (.)- 4a° -4it t)I.nit y -sonon rTrR1br71nA ,in mCnndo.< c3 0 x. s+ Z "S Z g�°8�rm�m3br0- �33b ye :7-1 3X rn g• drpnnZ -.r Zz'O�rTr �d� I -- CISi" �k-�'ZC7C.�1'- 0ITC '''� -ern G)ZE0PR20i:1a 222G)r,1 QO n a 35 `n Z_1 r` 2 b 2 8 b G.) 0 rn Z 8 O Q rZj.l cbn -< 4 T 0 22 Z m b C '3 'a r- N �� -b112bmf0n is i:ccnnZcoA3r a'GZ)o rncoZ0!Tr..br�rm yprn° ,;_ rnoc „rn°vy,c,°0o_rn nA n rnbpy0rn3=rr.0rnrn°CO zgcvcr >n C,°<np --It. p�y,.zt-GCnyp� „ o m'o`"abAmzd�dprn C... ° o Fii 0 1 1 z�1O��nb�nC7°ir z) 1. rn m �y�'- =rQ _4x•c,,xi:3rnnni Caw R N <x X( CJ t, 23 ;4 5- )0p Z G) o - V�`n o p4 =Z r OGprl`C7 C7* 0 °ZZaaran30 -"rn nbmZ cn bOCO.b° :C33ZZrrnnorn *gOZ '~ E„r'n"1Z,G)ip o'nt - � -rzp o O C)O Ab"C.yxbr --rpo--G)C7 � 0 V, G) Z a Zp� O Cp yrbn -- -42--- ZZ 0 a co gi IV eff 73 f 4mpm rn-4 -4 rn° 'p i+ cm rn if El 3 b G) 30 0 0 • -4 cn p O b It. c) -i Z�'+4Xmo• zri :6CVOC� OZr'Zcon in1yDlaZy Iap Z1A Si) "C0C7=cn37rnr --<G) , r'n G 0 m O m CO CO iNJ 0) 0 0 0 a 0 0 0 rn rn w 0 Bobbie Jenkins From: Bobbie Jenkins Sent: Thursday, November 03, 2016 9:34 AM To: Marcos Montes De Oca; India Riedel Cc: Robin Brock; Lane Gamiotea Subject: Resolution 2016 -08 Attachments: 2016 -08 - Deposit Accounts.pdf Tracking: Recipient Marcos Montes De Oca India Riedel Robin Brock Lane Gamiotea Read Read: 11/3/2016 10:03 AM Attached is adopted Resolution No. 2016 -08 - Maintenance of deposit accounts with financial institutions. Please print a copy for your records. Bobbie J. Jenkins Deputy Clerk City of Okeechobee 55 SE 3" i Avenue Okeechobee, FL 34974 Phone: (863) 763 -3372 ext. 215 Fax: (863) 763 -1686 NOTICE: Florida has a very broad public records law. As a result, any written communication created or received by the City of Okeechobee officials and employees will be available to the public and media, upon request, unless otherwise exempt. Under Florida law, e -mail addresses are public records. If you do not want your e -mail address released in response to a public records request, do not send electronic mail to this office. Instead, contact our office by phone or in writing. 1