HomeMy WebLinkAboutRES 4027Repeals RES 3945
CITY OF RENTON, WASHINGTON
RESOLUTION NO. 4027
A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING
SIGNATURES FOR DEPOSITORIES AND ELECTRONIC FUND TRANSFERS ON
BEHALF OF AND IN THE NAME OF THE CITY OF RENTON.
WHEREAS, the City of Renton maintains one or more accounts at one or more qualified
public depositories, including the state operated Local Government Investment Pool for
primary banking, investing, or third party trust agreement purposes; and
WHEREAS, the City's appointed Finance & Information Services Administrator is hereby
authorized and directed to open and maintain these accounts as required from time to time on
behalf of and in the name of the City of Renton;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES
RESOLVE AS FOLLOWS:
SECTION I. The above findings are true and correct in all respects.
SECTION II. The depositories are hereby authorized to honor and pay checks, drafts,
and similar instruments in the name of the City of Renton and signed by any one of the
following officers and officials of the City of Renton:
Title
Mayor
Finance & Information Services Administrator
SECTION III. Any of the above named officers or officials are further authorized to
endorse any such checks, drafts, or other instruments made payable to the City of Renton for
the purpose of depositing same into the City's accounts.
RESOLUTION NO. 4027
SECTION IV. The designated depository for the account in the name of City of Renton
Municipal Court (Municipal Court account) is hereby authorized to honor and pay checks,
drafts, and similar instruments signed by the Court Services Director or Municipal Court Judge.
The Director or Judge are further authorized to endorse checks, drafts, or other instruments
made payable to the City of Renton for the purpose of depositing the same into the Municipal
Court account.
SECTION V. The following individuals are authorized to initiate and/or approve
electronic fund transfers for the purposes of disbursing and depositing City funds for the
purposes of investing, cash management, and accomplishing authorized City business in the
City's name:
Title
Finance & Information Services Administrator
Fiscal Services Director
Financial Services Manager
Finance Analyst
SECTION VI. There shall be no obligation on the part of the depositories to see the
application of funds in any case whatsoever, and that a true copy of this resolution be certified
and delivered to each said depository at the time any such account is opened on behalf of the
City of Renton.
SECTION VII. This resolution is effective November 23, 2009. Resolution No. 3945,
which was passed and approved on May 5, 2008, is hereby repealed.
Initiate
Yes
Yes
Yes
Yes
Approve
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Yes
RESOLUTION NO. 4027
PASSED BY THE CITY COUNCIL this 23rd day of November _, 2009.
Bonnie I. Walton, City Clerk
APPROVED BY THE MAYOR this ?3rri day of November _, 2009.
Approved as to form:
Lawrence J. Warren, City Attorney
RES.1430:ll/13/09:scr
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Denis Law, Mayor
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