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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