HomeMy WebLinkAboutResolution 2020-09 Fifth Third Bank Reauthorizing RESOLUTION NO. 2020-09
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER
SPRINGS, FLORIDA, REAUTHORIZING THE OPENING AND
MAINTAINING OF DEPOSIT ACCOUNTS AND SERVICES WITH THE
FIFTH THIRD BANK; PROVIDING FOR SEVERABILITY, REPEAL OF
PRIOR INCONSISTENT RESOLUTIONS, AND AN EFFECTIVE DATE.
WHEREAS, the City Commission desires to authorize the City Manager to
maintain accounts with The Fifth Third Bank and designate the City Manager, IT and
Administrative Services Director, and Community Development Director as authorized
representatives to execute documentation required by The Fifth Third Bank from time to
time; and
WHEREAS, the City Commission of the City of Winter Springs deems that this
Resolution is in the best interests of the public health, safety, and welfare of the citizens
of Winter Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and
correct and are hereby fully incorporated by this reference.
Section 2. Reauthorizing The Fifth Third Bank as an Authorized Depository. The
City Commission hereby reauthorizes The Fifth Third Bank as a designated depository of
the City of Winter Springs and that deposit accounts and/or time deposits (CD's) may be
opened and maintained in the name of the City of Winter Springs with The Fifth Third
Bank in accordance with the terms of the Bank's deposit agreement and disclosures and
the applicable rules and regulations for such accounts. Said agreements, disclosures and
applicable rules and regulations shall be subject to prior approval by the City Manager.
Section 3. Designation of Authorized Representatives. The City Commission hereby
designates Shawn D. Boyle, City Manager, and Casey E. Howard, IT and Administrative
Services Director, as the authorized representatives of the City of Winter Springs, Florida.
In the event of an emergency in which either the City Manager or IT and Administrative
Services Director are not available, Christopher J. Schmidt, Community Development
Director, shall be a duly authorized representative during said emergency and
unavailability. The designated representatives are hereby authorized, on behalf of the
City of Winter Springs and in its name, to execute and to sign, together as dual
signatories, any application, deposit agreement, signature card and any other
documentation required by The Fifth Third Bank, to open said accounts,to withdraw funds
from or transmit funds to any account of The Fifth Third Bank, to establish funds transfer
instructions, and to take any other action pursuant to any deposit agreements approved
by the City Manager. All authorizations permitted by this Resolution shall require the dual
signature of the City Manager and IT and Administrative Services Director, and in the
City of Winter Springs
Resolution 2020-09
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case of emergency and unavailability as stated above, the Community Development
Director.
Section 4. Duration. This resolution shall remain in full force and effect and the authority
herein given to all of said persons shall remain irrevocable as far as The Fifth Third Bank
is concerned until such time as The Fifth Third Bank is notified in writing of the revocation
of such authority by the City Commission.
Section 5. Certification. The City Clerk is hereby authorized and directed to certify this
Resolution to The Fifth Third Bank.
Section 6. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith, are hereby repealed to the extent of the conflict.
Section 7. Severability. If any section, subsection, sentence, clause, phrase, word, or
portion of this Resolution is for any reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct and independent
provision and such holding shall not affect the validity of the remaining portion hereto.
Section 8. Effective Date. This Resolution shall become effective June 27th, 2020.
RESOLVED by the City Commission of the City of Winter Springs, Florida, in a regular
meeting assembled on the 8th day of June, 2020.
Chirle ace
ATTEST:
CHRISTIAN GOWAN, Interim City Clerk
Approved as to legal form and sufficiency for
the City of inter Springs only:
A THONY A. GARGANE8E, City Attorney
City of Winter Springs
Resolution 2020-09
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