Description: AGENDAHED.JPG

 

Item No:                    4.C.2.A.

 

Meeting Date:           January 28, 2013

 

From:                          Gladys Johnson, Deputy Finance Director

 

Subject:                      Resolution authorizing Change of Authorized Signatories on all bank accounts at TD Bank, N.A.

 


Staff Recommendation:

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

 

Analysis:

The requested action is necessary to change the name(s) and/or title of the individual(s) authorized on the accounts.  Signature changes occur whenever there is a change in Mayor, City Manager, and/or Finance Director.

 

Options:

1.  Approval of the attached resolution authorizing a change of authorized signatories on the accounts at TD Bank, N.A.;

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact: 

None

 

Submission Date and Time:    1/23/2013 5:58 PM____

 

Department: __Finance_____________

Prepared by:  Gladys 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. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE CHANGE OF AUTHORIZED SIGNATORIES ON ALL BANK ACCOUNTS AT TD BANK, N.A.; AND PROVIDING AN EFFECTIVE DATE.

 

 

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

 

            WHEREAS, TD Bank, N.A. whose address is 255 Alhambra Circle, 2nd Floor, Coral Gables, Fl 33134 has qualified as a City depository pursuant to the provisions of Chapter 280, Florida Statutes, and,

 

            WHEREAS, the Commission, in and for the City of Leesburg, desires to authorize a change of signatories as required by TD Bank, N.A. on accounts in the name of the City of Leesburg, and,

 

            WHEREAS. TD Bank, N.A. has requested that the Commission provide a sample of the signatures of the City Manager, Finance Director, Deputy Finance Director and Financial Reporting Manager 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:

 

            THAT, the City of Leesburg hereby authorizes the changes in signatories to honor all deposit agreements in the name of the City of Leesburg on its accounts at TD Bank, N.A., as follows:

 

            Raymond S. Sharp, Interim City Manager

            City of Leesburg

 

            William Spinelli, Finance Director

            City of Leesburg

 

            Gladys Johnson, Deputy Finance Director

            City of Leesburg

 

            John Van Horn, Financial Reporting Manager

            City of Leesburg

 

            THAT, TD Bank, N.A. is being provided a sample of the signatories of the aforementioned authorized persons.

 

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

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of 28th day of January, 2013.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk