HomeMy WebLinkAboutRES 3081 3a 89
CITY OF RENTON, WASHINGTON
RESOLUTION NO. 3081
A RESOLUTION OF THE CITY OF RENTON, WASHINGTON,
AUTHORIZING SIGNATURE 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, DO RESOLVE AS FOLLOWS:
A. 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 two of the following officers and
officials of the City of Renton:
Title Name
Mayor Earl Clymer
Finance&Information Services Administrator Victoria Runkle
Cash and Operations Supervisor Hugh Simpson
B. 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 .
C. The designated depository for the account in the name of
RESOLUTION NO. 3081
City of Renton Municipal Court (Municipal Court account) is hereby
authorized to honor and pay checks, drafts, and similar instruments
signed by the Municipal Court Administrator. The Court
Administrator is further authorized to endorse checks, drafts, or
other instruments made payable to The City of Renton for the
purpose of depositing same into the Municipal Court account.
Title Name
Municipal Court Administrator Darlene Allen
D. 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 Name Initiate Approve
Finance&Information Services Administrator Victoria Runkle No Yes
Senior Budget&Financial Analyst Paula Henderson Yes Yes
Cash&Operations Supervisor Hugh Simpson Yes Yes
Cash Management Assistant Jim Block Yes No
E. 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.
F. Section III of Resolution No. 2655 passed and approved on
July 28, 1986, Resolution No. 2675 passed and approved on April 13,
1987, Resolution No. 2768 passed and approved on September 11,
1989, and Resolution No. 2996 passed and approved on August 9, 1993
2
RESOLUTION NO. 3081
are hereby repealed.
PASSED BY THE CITY COUNCIL this 1st day of August , 1994 .
Marily J. Petersen, City Clerk
APPROVED BY THE MAYOR this 1st day of August , 1994 .
Ea 1 C ymer, May
Approved as to form:
Lawrence J. Wa en, City Attorney
RES. 401 : 7/22/94 :as .
3