HomeMy WebLinkAboutTC Res 1997-11-18 (2)
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RESOLUTION NO. 3254
A RESOLUTION OF THE TOWN COUNCIL OF
THE TOWN OF TmURON AUTHORIZING THE
SIGNING AND ENDORSING OF CHECKS
AND OTHER INSTRUMENTS OF PAYMENT
WHEREAS, it is necessary for the Town of Tiburon to establish policies authorizing which
employees and officials may sign and endorse checks and other instruments of payment on behalf of
the Town.
NOW THEREFORE, BE IT RESOLVED THAT:
1. The Bank of America, Tiburon Branch, shall be the depository for all funds of the
Town ofTiburon. Commercial accounts shall be established and maintained by and in the name of
the Town ofTiburon and its Redevelopment Agency at the designated bank upon and subject to such
terms as may be agreed to from time to time.
2. All checks, drafts and other instruments for payment from the Town's commercial
General and Redevelopment Agency accounts in the amount of$2,500.00 or less, or relating to the
Town's state and federal payroll tax obligations or PERS retirement or health insurance benefit
f"" obligations in any amount shall be signed on behalf of the Town by any two (2) of the following
people: Town Manager Robert L. Kleinert, Finance Director Richard Stranzl, Town Treasurer, or
any member of the current Town Council (Mogens Bach, Tom Gram, Therese Hennessy, Harry
Matthews, Andrew Thompson).
3. All payroll/payroll benefit checks shall be signed by the Town Manager, or in his
absence, the Town Finance Director or Town Treasurer, or any member of the Town Council.
4. All other checks, drafts and instruments for payment shall be signed on behalf of the
Town and its Redevelopment Agency by the Town Manager, Finance Director or Town Treasurer
and by one member of the Town Council (Bo,ard of Directors of the Tiburon Redevelopment
Agency).
5, All checks, drafts or other instruments for payment made payable to the Town of
Tiburon may be endorsed for deposit.by written or stamped endorsement in the name of the Town of
Tiburon (Tiburon Redevelopment Agency) without individual signatures.
6. The Town Clerk is directed to provide a certified copy of this resolution to the Bank
of America along with signature authorization forms which include signatures of the individuals
currently holding the following positions: Town Manager, Finance Director, Town Treasurer, and
Town Council members. The Town Cltk shall inform the Bank of America of any changes in these
positions and provide new signature cards when necessary.
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^ 7. The Bank of America is requested and authorized to honor, receive, certify or pay any
instrument signed or endorsed in accordance with this Resolution, This Resolution and signature
authorization forms submitted by the Town Clerk shall remain in full force and effect, and the Bank
is authorized and requested to rely and act thereon, until such time as the Bank receives written
notice of any changes from the Town Clerk.
As adopted this resolution replaces Resolution No. 3141 (1996)
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Tiburon on November 18, 1997, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Matthews, Bach, Gram, Hennessy, Thompson
None
None
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Town of Tiburon
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DIANE L. CRANE, TOWN CLERK
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