HomeMy WebLinkAboutTC Res 2001-02-07 (5)
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RESOLUTION NO, 03-2001
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A RESOLUTION OF THE TOWN COUNCIL OF
THE TOWN OF TlBURON AUTHORIZING THE SIGNING AND
ENDORSING OF CHECKS AND OTHER INSTRUMENTS OF PAYMENT
& ACCESS TO DOCUMENTS RETAINED IN SAFEKEEPING
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, and which employees may have authorization for access to Town documents held in safekeeping:
NOW THEREFORE, BE IT RESOLVED THAT:
L 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 of
Tiburon 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 obligations in any
amount shall be signed on behalf of the Town by any two (2) of the following people: Town Manager
(Alex McIntyre), Finance Director (Richard Stranzl), or any member of the current Town Council
/"' (Mogens Bach, Tom Gram, Harry Matthews, Jeff Slavitz, Andrew Thompson).
3. All payroll, payroll payable, and payroll benefit checks shall be signed by the Town
Manager, or in his absence, the Town Finance Director, 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 (Board of Directors of the Tiburon Redevelopment Agency).
5. All checks, drafts or other instruments for payment made payable to the Town ofTiburon
may be endorsed for deposit by written or stamped endorsement in the name of the Town ofTiburon
(Tiburon Redevelopment Agency) without individual signatures.
6. Staff 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, and Town Council members. The Town Clerk
shall inform the Bank of America of any changes in these positions and provide new signature cards when
necessary.
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.
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8. The Bank of America, Tiburon Branch is the location offour Safe Deposit Boxes that the
Town rents from the Bank. The following employees of the Town are authorized by signature to place,
r extract, or review items held in safekeeping: Town Manager (Alex McIntyre), Finance Director (Richard
Stranz1), and Town Clerk, (Diane Crane Iacopi).
As adopted this resolution replaces Resolution No. 3444 (dated September 20,2000)
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town ofTiburon on
February 7.2001, by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bach, Gram, Matthews, Slavitz, Thompson
None
None
BY:
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ANDREW THOMPSON, YOR
Town of Tiburon
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ATTEST:
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DIANE CRANE IACOPI, TOWN CLERK
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