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 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.
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.
1. Approve resolutions with aforementioned banking or investment institutions, or,
2. Such alternative action as the Commission may deem appropriate
Prepared by: _Puggy Johnson____
Attachments: Yes_x___ No ______
Advertised: ____Not Required _____x_
Attorney Review : Yes___ No _x_
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. __N/A_______________
Project No. ____N/A____________
WF No. ________N/A___________