HomeMy WebLinkAboutRES 3648CITY OF RENTON, WASHINGTON
RESOLUTION NO. 3648
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 ofRenton maintains one or more accounts at one or more qualified
pubhc 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:
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 any one of the
following officers and officials of the City ofRenton:
Title Name
Mayor Jesse Tanner
Finance & Information Services Administrator Victoria Runkle
SECTION II. Any of the above named officers or officials are fiirther 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. 3648
SECTION III. 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 Name
Court Services Director Joseph T. McGuire
Municipal Court Judge Terry L. Jurado
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 Name Initiate Approve
Finance & Information Services Administrator Victoria Runkle No Yes
Fiscal Services Director Elaine Gregory Yes Yes
Finance Analyst Supervisor Linda Parks Yes Yes
Finance Analyst Linda Dixon Yes No
SECTION V. There shall be no obhgation on the part of the depositories to see
the apphcation of funds in any case whatsoever, and that a true copy ofthis resolution be certified
and dehvered to each said depository at the time any such account is opened on behalf of the City
ofRenton.
SECTION VI. Section IV of Resolution No. 3603, passed and approved on
November 25, 2002, is hereby repealed.
RESOLUTION NO. 3 6 48
PASSED BY THE CITY COUNCIL this 4th day of August 2003.
Bonnie I. Walton, City Clerk
APPROVED BY THE MAYOR this 4th day of August 2003.
Approved as to form:
Lawrence J. Warren, City Attorney
Jesse Tanner, Mayor
RES.996:7/25/03