HomeMy WebLinkAboutResolution 2009-06 CNLBankRESOLUTION NO. 2009-06
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS FLORIDA, DESIGNATING THE CITY MANAGER
AND FINANCE DIRECTOR AS THE CITY'S REPRESENTATIVES
AUTHORIZED TO EXECUTE DOCUMENTS REQUIRED BY
CNLBANK ON BEHALF OF THE CITY; AUTHORIZING THE PUBLIC
WORKS/UTILITY DIRECTOR AS AN AUTHORIZED
REPRESENTATIVE IN THE EVENT OF AN EMERGENCY WHEN THE
CITY MANAGER OR FINANCE DIRECTOR IS UNAVAILABLE TO
EXECUTE SAID DOCUMENTS; PROVIDING FOR SEVERABILITY,
REPEAL OF PRIOR INCONSISTENT RESOLUTIONS, AND AN
EFFECTIVE DATE.
WHEREAS, on December 5, 2008, the City Commission adopted Resolution 2008-56, authorizing
the City Manager, Finance Director and other authorized City representatives to execute applications and
other documents as required to invest and reinvest surplus funds in direct negotiable obligations of the U.S.
Treasury or in Certificate of Deposit Account Registry Services (CDARS); and
WHEREAS, CNLBank acts as the City's public depository and requires the City's authorized
representatives to execute certain documents for this account from time to time; and
WHEREAS, the City Commission desires to expressly authorize the City Manager and Finance
Director as the City's authorized representatives to execute said documents;
WHEREAS, the City Commission desires to additionally authorize the City's Public Works/Utility
Director as an authorized representative in case of emergency when the City Manager or Finance Director
is not available; 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. Designation of Authorized Representatives. The City Commission hereby designates
Kevin Smith, Acting City Manager, and Michelle L. Greco, Finance Director, as the authorized
representatives ofthe City of Winter Springs, Florida. In the event of an emergency where the City Manager
or Finance Director are not available, Kipton Lockcuff, Public Works/Utility Director, shall be the duly
authorized representative during said emergency. The designated representatives are hereby authorized, on
City of W inter Springs
Resolution 2009-06
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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 CNLBank, to open
said accounts, to withdraw funds from or transmit funds to any account of CNLBank, to establish funds
transfer instructions, and to take any other action pursuant to any deposit agreements approved by the City
Manager and not inconsistent with the City's investment policy. 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 Public Works/Utility Director.
Section 3. Duration. This resolution shall remain in full force and effect and the authority herein
given to all of said persons shall remain irrevocable until CNLBank is notified in writing of the revocation of
such authority by the City Commission.
Section 4. Certification. The City Clerk is hereby authorized and directed to certify this Resolution
to CNLBank.
Section 5. 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 6. Severability. If any section, subsection, sentence, clause, phrase, word, or portion of this
Resolution is for any reason held invalid orunconstitutional 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 7. Effective Date. This Resolution shall become effective immediately upon adoption by the
City Commission of the City of Winter Springs, Florida.
RESOLVED by the City Commission of the City of Winter Springs, Florida,, ir: a regular meeting
assembled on the 12'" day of January, 2009.
Cc~
~ I
J F. BUSH, Mayor
ATTEST:
1
A A LORENZO-LUACES, City Clerk
Approved as to legal form and sufficiency for
the City gP'~'Vinter Springs only:
ANTHONY A. GARGANESE, City Attorney
City of Winter Springs
Resolution 2009-06
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