HomeMy WebLinkAboutResolution 2022-03 Reauthorizing Opening and Maintaining of Accounts with Fifth Third Bank RESOLUTION NO. 2022-03
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 and Deputy
City Manager 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 Deputy City Manager,
as the authorized representatives of the City of Winter Springs, Florida. 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
Deputy City Manager.
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
City of Winter Springs
Resolution 2022-03
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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 January 25th, 2022.
RESOLVED by the City Commission of the City of Winter Springs, Florida, in a regular
meeting assembled on the 24th day of January, 2022.
Kevin McCann, Mayor
ATTEST:
CHRISTIAN GOWAN, City Clerk
a � f
Approved as to legal form and sufficiency for �o •'• •ON�
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the City of Winter Springs only:
ANTHONY A. GARGANESE, City Attorney
City of Winter Springs
Resolution 2022-03
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