Description: AGENDAHED.JPG
 

Item No:                    4.C.1.A.

 

Meeting Date:           August 27, 2012

 

From:                          Gladys Johnson, Deputy Finance Director     

 

Subject:                      Resolution authorizing the Mayor and City Clerk to execute a Change of Authorized Signatories on all bank accounts at SunTrust Bank, N.A.

 

 


Staff Recommendation:

Staff recommends approval of the resolution authorizing a change of authorized signatories on all bank accounts at SunTrust Bank, N.A.

 

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, and savings accounts at SunTrust Bank N.A.  Signature card changes occur whenever there is a change in Mayor, City Manager and/or Finance Director.

 

Options:

1.  Approval of the attached resolutions authorizing a change of authorized signatories on all bank accounts at SunTrust Bank, N.A., or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact: 

None

 

 

Submission Date and Time:    8/23/2012 11:46 AM____

 

Department: _____Finance_________

Prepared by:  _Puggy Johnson                     

Attachments:         Yes__x__   No ______

Advertised:   ____Not Required ______                     

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. ______________________

 

Budget  ______________________

 

Available _____________________


RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A CHANGE OF AUTHORIZED SIGNATORIES AS REQUIRED TO HONOR ALL CHECKS, DRAFTS, OR OTHER ORDERS FOR PAYMENT OF MONEY DRAWN IN THE NAME OF THE CITY OF LEESBURG; AND PROVIDING A SAMPLE OF SAID INDIVIDUAL'S SIGNATURE ON ALL BANK ACCOUNTS AT SUNTRUST BANK, N.A.; AND PROVIDING AN EFFECTIVE DATE.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            WHEREAS, SunTrust Bank N.A., whose address is SunTrust Bank, N.A., 200 S. Orange Avenue, SOAB 6, Orlando, FL 32801 has qualified as a City depository pursuant to the provisions of Chapter 280, Florida Statutes; and,

 

            WHEREAS, inasmuch as the City of Leesburg, has hired a new Finance Director effective July 30, 2012, and,

 

            WHEREAS, the Commission, in and for the City of Leesburg, desires to authorize a change of signatories as required by SunTrust Bank to honor all checks, drafts and other orders for payment of money drawn in the name of the City of Leesburg on its demand deposits, time deposits and savings accounts at SunTrust Bank, N.A.

 

            WHEREAS, SunTrust Bank, N.A. has requested that the Commission provide a sample of the signatures of the Mayor, City Manager, and Finance Director of the City of Leesburg, Florida to facilitate the above referenced transactions.

 

            NOW THEREFORE, BE IT RESOLVED by the commission, in and for the City of Leesburg, Florida as follows:

 

1.                   That, the City of Leesburg hereby authorizes the changes in Signatories and/or title to honor all checks, drafts, or other orders for payment of money drawn in the name of the City of Leesburg, as follows:

                       

                        Sanna Henderson, Mayor

                        City of Leesburg, Florida

 

                        Jay Evans, City Manager

                        City of Leesburg, Florida

 

                        William Spinelli, Finance Director

                        City of Leesburg, Florida

 

                       

2.      That, SunTrust Bank, N.A. is being provided a sample of the signatories of the aforementioned authorized persons.

3.      That, upon adoption by the Commission in open session, this resolution shall be made a part of the Public Records of the City of Leesburg, Florida, and a copy hereof shall be furnished to SunTrust Bank, N.A.

4.      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 27th day of August, 2012.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk