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HomeMy WebLinkAboutItem 18 - Bank of the WestMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER 1 SUBJECT: RESOLUTION AUTHORIZING PERSONS NAMED BELOW TO SIGN ON ALL ACCOUNTS AND TRANSACTIONS WITH BANK OF THE WEST City Council to consider a resolution authorizing signatures for all banking transactions with Bank of the West. The names to be authorized are: Bruno Rumbelow, City Manager John McGrane, Administrative Services Director Karen Walker, Controller BACKGROUND: Chapter 105 (Sub Chapter B 105.011) of the Texas Local Government Code authorizes municipalities to establish depositories for banking services. These individuals are hereby authorized and empowered to sign in banking transactions with Bank of the West until Bank of the West has received notice in writing that this authority, as to any or all individuals, has been revoked. Staff recommends approval. 2/12/2014 (3:12:10 PM) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS, AUTHORIZING PERSONS NAMED BELOW TO SIGN ON ALL ACCOUNTS AND TRANSACTIONS WITH BANK OF THE WEST AND PROVIDING AN EFFECTIVE DATE P- Or NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That the persons named below are those persons who are hereby authorized and empowered for and in the name and on the behalf of the City of Grapevine, which is not in contravention of the City Charter, to sign in banking transactions with Bank of the West until said Bank of the West has received notice in writing that this authority, as to any or all of the persons whose names appear below, has been revoked. Section 2. That the City Council hereby authorizes Bruno Rumbelow, City Manager, John F. McGrane, Administrative Services Director and Karen L. Walker, Controller on all accounts with Bank of the West. Bruno Rumbelow, City Manager John F. McGrane, Administrative Services Director Karen L. Walker, Controller Signature Signature Signature Section 3. That this resolution shall take effect from and after the date of its passage. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 18th day of February 2014. Bauffemup ATTEST: