HomeMy WebLinkAboutRES 3945CITY OF RENTON,WASHINGTON
RESOLUTION NO.3945
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 depositories are hereby authorized to honor and pay checks,
drafts,and similar instruments in the name of the City of Renton and signed by anyone of the
following officers and officials of the City of Renton:
Title
Mayor
Finance &Information Services Administrator
SECTION II.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.
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SECTION III.
RESOLUTION NO.3945
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.
Title
Court Services Director
Municipal Court Judge
SECTION IV.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
Initiate
Yes
Yes
Yes
Yes
Approve
Yes
Yes
Yes
No
SECTIONV.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.
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SECTION VI.
RESOLUTION NO.3945
Effective May 5,2008,Section I and Section IV of Resolution No.
3737,which was passed and approved on February 7,2005,is hereby repealed.
PASSED BY THE CITY COUNCIL this 5th day of M_a__y ,2008.
Bonnie 1.Walton,City Clerk
APPROVED BY THE MAYOR this 5 th day of __--"M..",aC+y ,2008.
-~--'----=-=.~-
Denis Law,Mayor
Approved as to form:
~.oe~Lawrence J.Warren,City ttomey
RES.1339:4/24/08:scr
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