HomeMy WebLinkAbout4.F.8. Updating List of Individuals Authorized to Make Bank Transactions - Res. No. 7664 Consent Business 4. F. 8.
St-[AK0I'EE
TO: Mayor and City Council
FROM: Lori Hensen, City Clerk
DATE: 12/15/2015
SUBJECT: Updating List of Individuals Authorized to Make Bank Transactions -
Res. 7664 (F)
Action Sought
Adoption of Resolution 7664 designating individuals authorized to perform certain
banking transactions.
Background
The city's bank requires formal action of the City Council to change the list of
people authorized to sign city checks and authorize certain bank transactions.
Currently the Mayor and City Administrator sign all checks. With current Mayor,
Brad Tabke, ending his office term on December 31, 2015, there is a need for the
elected Mayor, William Mars to be listed as an authorized signer.
Recommendation
It is recommended that the new elected Mayor be named as the authorized signer
on physical checks.
Requested Action
Adoption of Resolution 7664 designating individuals authorized to perform certain
banking transactions.
Attachments: Resolution 7664
RESOLUTION NO. 7664
A Resolution Designating Individuals Authorized to Perform Certain Banking Transactions
WHEREAS, Anchor Bank is designated as a depository of City funds; and
WHEREAS,the City must designate individuals authorized to sign checks, transfer funds and
approve transactions on behalf of the City;
NOW THEREFORE BE IT RESOLVED that checks, drafts or other withdrawal orders issued
against the funds of the City on deposit with said bank shall be signed by both the Mayor and the
City Administrator.
BE IT FURTHER RESOLVED that the City Administrator, Interim Finance Director,
Accounting Manager, Payroll &Benefits Specialist and HR Specialist are authorized to make
transfers into and out of the City accounts for various purposes including investments,payroll
withholdings and debt service payments and other banking transactions as deemed appropriate.
IT IS FURTHER RESOLVED that effective January 1, 2016 this Resolution supersedes all prior
and conflicting resolutions, including Resolution No. 7645.
Adopted in regular session of the City Council of the City of Shakopee,Minnesota,this 15th day
of December, 2015.
Mayor of the City of Shakopee
ATTEST:
City Clerk