HomeMy WebLinkAboutDocumentation_Regular_Tab 05C_12/13/2007D~~V
VILLAGE OF TEQUESTA
~;~` `~--~; AGENDA ITEM TRANSMITTAL FORM
1. VILLAGE COUNCIL MEETING:
Meeting Date:
Dec 13 2007 Meeting Type: Regular Ordinance #:
Consent Agenda: ~~~~a~~~ ~r~ it~or Resolution #: 18-07/08
Originating Department: Finance
2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Akuthorize the Village Manager to initiate the opening of accounts with local banks as needed in the best
interest of the Village of Tequesta.
3. BUDGET /FINANCIAL IMPACT:
Account #: N/A Amount of this item: N/A
Current Budgeted Amount Available:
N/A Amount Remaining after item:
N/A
Budget Transfer Required: No Appropriate Fund Balance: No
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Authorize opening of accounts with local banks as needed
~. HF'F'KUVALJ:
Dept. Head: JoAnn Forsythe Finance Director: JoAnn Forsythe
Attorney: (for legal sufficiency) Yes ^ No ^
Village Manager: i
SUBMIT FOR COUNCIL DISCUSSION:
APPROVE ITEM:
DENY ITEM: ^
RESOLUTION NO. 18-07/08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM
BEACH COUNTY, FLORIDA, AUTHORIZING THE VILLAGE MANAGER TO INITIATE THE
OPENING OF ACCOUNTS WITH LOCAL BANKS AS NEEDED IN THE BEST INTEREST OF
THE VILLAGE OF TEQUESTA
Whereas, the- current status of the Village's investments with the Local Government
Investment Pool (LGIP) with the State Board of Administration has resulted in the Village
drawing down additional cash formerly held with the SBA into an account with one bank; and
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 16-07/08 authorizing authorizing the Village Manager to
proceed on behalf of the Village, is hereby approved .
Section 2 This Resolution shall become effective immediately upon passage.
The foregoing Resolution was offered by _
moved its adoption. The motion was seconded by
upon being put fo a vote, the vote was as follows:
who
and
For Adoption Against Adoption
Mayor Jim Humpage
Vice-Mayor Pat Watkins
Council Member Dan Amero
Council Member Tom Paterno
Council Member Calvin Turnquest
The Mayor thereupon declared the Resolution duly passed and adopted this 13th day of
December, 2007.
MAYOR OF TEQUESTA
0
Jim Humpage
ATTEST:
1
Lori McWilliams, CMC
Village Clerk