HomeMy WebLinkAboutDocumentation_Regular_Tab 11_10/10/2019 Agenda Item #11.
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Regular Council
STAFF MEMO =# 416 . 4
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Meeting: Regular Council - Oct 10 2019
Staff Contact: Hugh Dunkley Department: Finance
TITLE
RESOLUTION 46-20 OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA,
DESIGNATING SIGNATORIES FOR VILLAGE DEPOSITORY ACCOUNTS; PROVIDING FOR
SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
SUMMARY:
Requesting Village Council to authorize the Village Manager and Village Finance Director to execute checks and drafts on
behalf of the Village, and to take other authorized actions related to Village accounts at banking and financial institutions.
In the absence of the Village Manager or Village Finance Director or in emergency or exigent circumstances, the Village
Council authorizes the Village Clerk to execute checks and drafts and to take other authorized actions related to Village
accounts at banking and financial institutions.
POTENTIAL MOTION / DIRECTION REQUESTED:
To approve requested signors for depositories and financial institutions.
ATTACHMENTS:
Dipository Signatures-RESOLUTION revised v2
Page 268 of 414
Agenda Item #11.
RESOLUTION NO.46-20
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, DESIGNATING SIGNATORIES FOR VILLAGE
DEPOSITORY ACCOUNTS; PROVIDING FOR SEVERABILITY;
PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
WHEREAS, the Village's policies and procedures require at least two signatures
from authorized employees for the issuance of Village checks and drafts, or to take other
authorized actions related to Village accounts at banking and financial institutions; and
WHEREAS, three individuals have been authorized to sign checks to facilitate
continued operations in the absence of one of the approved signatories; and
WHEREAS, Village staff is requesting to update the signatories to address staff
changes and compliance with Village policies and procedures; and
WHEREAS, it is necessary to designate signatories required to authorize said
transactions in a timely and efficient manner; and
WHEREAS, Village staff recommends authorizing the Village Manager and Village
Finance Director to execute checks and drafts on behalf of the Village; and the Village Clerk
to execute checks and drafts in the absence of the Village Manager or Village Finance
Director or in emergency or exigent circumstances.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA,PALM BEACH COUNTY,FLORIDA,AS FOLLOWS:
Section 1: The Village Council of the Village of Tequesta, Florida,hereby authorizes
the Village Manager and Village Finance Director to execute checks and drafts on behalf of
the Village, and to take other authorized actions related to Village accounts at banking and
financial institutions.
Section 2: In the absence of the Village Manager or Village Finance Director or in
emergency or exigent circumstances, the Village Council authorizes the Village Clerk to
execute checks and drafts and to take other authorized actions related to Village accounts at
banking and financial institutions.
Section 3: All resolutions or parts of resolutions in conflict herewith shall be and
hereby are repealed.
Section 4: This Resolution shall take effect immediately upon passage.
Page 269 of 414