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CONSENT AGENDA 1B <br />STAFF ORIGINATOR: Al Rolek, Finance Director <br />MEETING DATE: April 24, 2000 <br />TOPIC: Resolution 00 -47 <br />Change of Signatories on City Firstar Accounts & <br />Authorization for Wire Transfers <br />VOTE REQUIRED: Simple Majority (3/5 vote) <br />BACKGROUND: <br />Upon assuming my duties in Lino Lakes, it quickly became apparent that I had no <br />authority with the City's depository to direct the City's funds as I am in the bank's <br />records not a signator on the following: <br />• Safe Deposit Box <br />• Checking Accounts <br />• Certificate of Deposit <br />• Wire Transfer Authorization <br />The approval of this resolution would authorize me as a signatory on the City's accounts <br />along with all existing signatories. <br />OPTIONS: <br />1. Approve Resolution 2000 -47 <br />2. Deny Resolution 2000 -47 <br />RECOMMENDATION: <br />Staff recommendation is to approve the authorizing resolution. <br />• <br />