HomeMy WebLinkAboutResolution 2014-08 New Bank Signature Cards RESOLUTION NO. 2014-08
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS FLORIDA, REPEALING RESOLUTION
2010-14, AUTHORIZING THE MAINTAINING OF DEPOSIT
ACCOUNTS AND SERVICES WITH 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 Fifth Third Bank and designate the City Manager, Finance and Administrative
Services Director, and Public Works/Utility Director as authorized representatives to execute
documentation required by 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. Authorizing Fifth Third Bank as an Authorized Depository. The City
Commission hereby authorizes Fifth Third Bank ("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 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 Kevin L. Smith, City Manager and Shawn Boyle, Finance 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 Finance and Administrative Services
Director are not available, Kipton Lockcuff, Public Works/Utilities 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 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
City of Winter Springs
Resolution 2014-08
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the City Manager. All authorization permitted by this Resolution shall require the dual signature
of the City Manager and Finance and Administrative Services Director, and in the case of
emergency and unavailability as stated above, the Public Works/Utilities 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 Fifth Third Bank is concerned
until such time as 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 Fifth Third Bank.
Section 6. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith, including but not limited to Resolution 2010-14, 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 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, in a regular
meeting assembled on the /?0lIay of ��'I/f�,.. , 2014.
CHA ' SLA
ATTEST:
■
ND' 3P ir rNZO-LUACES, City Clerk
Approved as to legal form and sufficiency for
the City of Winter Springs only:
)16
ANTHONY A. GARGANESE, City Attorney
City of Winter Springs
Resolution 2014-08
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