HomeMy WebLinkAboutResolution 2024-38 Reauthorizing the Opening and Maintaining of Deposit Account and Services with the Fifth Third BankRESOLUTION 1N0. 2024-38
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, Finance
Director, and Operations 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. 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
A 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 of 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 Kevin WY Manager, and Holly Queen, Finance 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 Finance Director are not available, Brian Dunigan,
Operations 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 fiends 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 authorization permitted
by this Resolution shall require the dual signature of the City Manager and Finance Director, and
in the case of emergency and unavailability as stated above, the Operations Director.
City of Winter Springs
Resolution No. 2024-38
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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 of 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 December 16, 2024.
RESOLVED by the City Commission of the City of Winter Springs, Florida, in a regular meeting
assembled on the day of Vero , 2024.
Mayor
ATTEST:
CHRISTIAN GOWAN, City Clerk
Approved as to legal form and sufficiency for , v A u'
the City of Winter Springs only: rn
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rou,t1
ANTHONY A. GARGANESE, City Attorney
City of Winter Springs
Resolution No. 2024-38
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