Staff recommends immediate adoption of the proposed Resolution authorizing signatures on bank accounts.
The proposed Resolution designates the current Mayor, City Manager, and Finance Director as authorized signatories for the following described Suntrust Bank account.
The proposed Resolution also authorizes Suntrust Bank to honor all checks, drafts, or other orders for payment of money drawn in the name of the City of Leesburg on the following described accounts and to charge for transactions on this same account.
Due to the recent change in Flexible Spending Account administrator, (from Blue Cross/Blue Shield to AFLAC), it is important that the proposed designation of authority described by the resolution take effect immediately upon passage.
David Knowles, Mayor
Jay Evans, City Manager
Gerald Boop, Finance Director
1. Adopt the resolution as presented; or
2. Such alternative action as the Commission may deem appropriate.
Prepared by: __Puggy Johnson____
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head __JB___
Finance Dept. ____________JB____
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG AUTHORIZING SUNTRUST BANK TO HONOR ALL CHECKS, DRAFTS, OR OTHER ORDERS IN THE NAME OF CITY OF LEESBURG FLEXIBLE SPENDING ACCOUNT; AUTHORIZING SUNTRUST BANK TO HONOR AND CHARGE THE CITY COMMISSION FOR ALL SUCH ORDERS FOR PAYMENT OF MONEY; DESIGNATING THE INDIVIDUALS AUTHORIZED TO ISSUE ORDERS FOR THE PAYMENT OF MONEY ON BEHALF OF THOSE DESCRIBED CITY OF LEESBURG ACCOUNT, AND PROVIDING A SAMPLE OF SAID INDIVIDUALS SIGNATURE; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to execute an agreement with Suntrust Bank, whose address is 200 S. Orange Ave. Orlando, FL 32801, for Banking Services associated with the newly established Flexible Spending Account.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __13___ day of _September_ 2010