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arr OF REQUEST FOR COUNCIL CONSIDERATION Agenda Section <br /> Re ort Number: 9 —/, I(i <br /> STAFF REPORT p <br /> tUrNDS Report Date: 9/5/96 <br /> CITY COUNCIL MEETING DATE <br /> • <br /> — Special Order of Bus. <br /> (� September 9, 1996 Consent Agenda <br /> �S <br /> "'II-Partnets�Q <br /> Public Hearings <br /> X Council Business <br /> Item Description: Resolution 5002 authorizing officials to execute various financial documents for and <br /> on behalf of the City of Mounds View. <br /> Administrator's Review/Recommendation: <br /> -No Comments to supplement this report <br /> -Comments attached. <br /> Explanation/Summary(attach supplement sheets as necessary) <br /> Summary: <br /> In the past, the City has authorized individuals to execute financial documents for the City. Whenever there <br /> was a turnover in staff/Mayor, a new resolution needed to be executed. The purpose of the attached <br /> resolution is threefold: <br /> 1. To authorize the use of a new signature stamp with Jerry Chuck and Bruce's signature to sign checks. <br /> 2. Recently, the City has been purchasing property and as part of the process, has received abstracts on <br /> such property. The City also has other documents that need to be stored in a safe location. Western <br /> • Bank has offered to make a safety deposit box available to us at no cost, but a requirement is that we <br /> provide a corporate resolution which authorizes the individual(s)who are authorized to access the <br /> box. <br /> 3. Eliminate the need to have new resolutions approved whenever there is a turnover in staff/Mayor. <br /> I <br /> ...---''..------:" ' <br /> Bruce A. Kessel, Finance Director <br /> ilECOMMENDATION: <br /> Approve Resolution 5002. <br />