Description: AGENDAHED.JPG
 

Item No:                    4.C.1.

 

Meeting Date:           August 27, 2012

 

From:                          Gladys Johnson, Deputy Finance Director

 

Subject:                      Resolutions authorizing the addition of the New Finance Director, William Spinelli, to the list of signatories for the City’s Banking and Investment Institutions and changing the title of Gladys Johnson from Interim Finance Director to Deputy Finance Director.

 

 


Staff Recommendation:

Staff recommends approval  of the resolutions attached to this Agenda authorizing the change of signatories/and or title as required for the attached City’s banking and investment institutions.

 

Analysis:

The requested action is necessary to change the names of the individuals authorized to sign all checks, drafts, or other orders for the payment of money drawn in the name of the City Commission of the City of Leesburg, Florida, on its demand deposits, time deposits, investments and savings accounts at the following banking institutions.

 

SunTrust Bank, N.A.

200 S. Orange Avenue, SOAB 6

Orlando, FL 32801

 

TD Bank, N.A.

255 Alhambra Circle, 2nd Floor

Coral Gables, FL 33134

 

Wells Fargo, N.A.

800 North Magnolia Avenue 7th Floor

Orlando, FL 32803

 

Branch Banking & Trust (BB&T)

BB&T Capital Markets-Fixed Income

901 E. Byrd St, 3rd Floor

Richmond, VA 23219

 

 Signature card changes occur whenever there is a change in Mayor, City Manager and/or Finance Director.

 

 

 

Options:

1.  Approve resolutions with aforementioned banking or investment institutions, or,

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact: 

None

 

 

Submission Date and Time:    8/23/2012 11:45 AM____

 

Department: __Finance___________

Prepared by:  _Puggy Johnson____                     

Attachments:         Yes_x___   No ______

Advertised:   ____Not Required _____x_                     

Dates:   __________________________                     

Attorney Review :       Yes___  No _x_

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. __N/A_______________

 

Project No. ____N/A____________

 

WF No. ________N/A___________

 

Budget  ________N/A________

 

Available ________N/A__________