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Current Council Agenda and Past Meeting Information

CITY COUNCIL AGENDA ITEM NO. 13

Meeting Date: March 22, 2005

Subject/Title: Approve a resolution establishing authorization for designated City officials, executives and employees to act on behalf of the City of Brentwood with regard to the City’s accounts with US Bank

Prepared by: Denise Davies, Finance Operations Manager

Submitted by: Pamela Ehler, Director of Finance and Information Systems

RECOMMENDATION
Approve a resolution establishing authorization for designated City officials, executives and employees to act on behalf of the City of Brentwood with regard to the City’s accounts with US Bank.

PREVIOUS ACTION
Policy No. 10-11 Authorized City Officials, Executives, and Employees Regarding Warrants, Banking, Trust and Investment Accounts is on the City Council Agenda for adoption March 22, 2005.

BACKGROUND
The City of Brentwood Policy No. 10-11 Authorized City Officials, Executives, and Employees Regarding Warrants, Banking, Trust and Investment Accounts designates which City officials, executives or employees are authorized to manage investments and make transfers involving the City’s investment/trust accounts. The City of Brentwood’s currently has investment/trust accounts at US Bank.

The resolution establishes that individuals authorized to manage investments and make transfers with regard to the City’s accounts with US Bank are designated in Policy No. 10-11.

FISCAL IMPACT
None

Attachment:
Resolution

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRENTWOOD ESTABLISHING AUTHORIZATION FOR DESIGNATED CITY OFFICIALS, EXECUTIVES AND EMPLOYEES TO ACT ON BEHALF OF THE CITY OF BRENTWOOD WITH REGARD TO THE CITY’S ACCOUNTS WITH US BANK

WHEREAS, Policy No. 10-11 Authorized City Officials, Executives, and Employees Regarding Warrants, Banking, Trust and Investment Accounts is on the City Council Agenda for adoption March 22, 2005; and

WHEREAS, the City of Brentwood Policy No. 10-11 Authorized City Officials, Executives, and Employees Regarding Warrants, Banking, Trust and Investment Accounts designates which City officials, executives or employees are authorized to manage investments and make transfers involving the City’s investment/trust accounts; and

WHEREAS, the City of Brentwood’s currently has investment/trust accounts at US Bank.

NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Brentwood establishes that individuals authorized to manage investments and make transfers with regard to the City’s accounts with US Bank.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Brentwood at a regular meeting held on the 22nd day of March 2005 by the following vote: 

 

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