96-008 RESOLUTION NO.g~-O8
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AVENTURA, FLORIDA PROVIDING FOR
ESTABLISHMENT OF CITY OF AVENTURA ACCOUNTS
WITH QUALIFIED PUBLIC DEPOSITORY; PROVIDING
FOR A DEPOSIT OF FUNDS; PROVIDING FOR
NECESSARY SIGNATORIES ON SUCH ACCOUNTS;
PROVIDING FOR ISSUANCE OF CHECKS AND PAYMENTS;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, it is necessary for the City of Aventura to.establish
accounts with a qualified public depository for the purpose of the
deposit and subsequent expenditure of municipal funds of the City
of Aventura, including but not limited to, the initial expenditures
authorized by Section 8.08 of the City Charter.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE MEMBERS OF
THE COUNCIL OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS:
Section 1. That the Mayor is hereby authorized to establish
accounts with a financial institution qualified pursuant to Chapter
280, Florida Statutes, to serve as a depository of public funds.
~ection 2. That the Mayor and each Councilmember shall serve
as authorized signatories for the accounts established pursuant to
Section 1 of this Resolution, provided, however, that no check or
withdrawal shall be issued or made unless signed by both the Mayor
or Vice Mayor and one other Councilmember and authorized by the
City Council.
Section 3. That prior to the initial deposit into such
accounts, the City shall provide notice to the State Treasurer as
required by Section 280.17(4), F.S.
Section 4. That once a City Manager and staff are retained by
the City, the City Council may prescribe further conditions and
requirements concerning the deposit of funds, issuance of checks or
withdrawal of funds.
Section 5. That the City Council finds that it is
impracticable to obtain .the above-referenced interim banking
services on a competitive bid basis and therefore authorizes
establishment of this interim account without competitive bid,
pending solicitation of long-term banking proposals via a request
for proposals.
Section 6. That this Resolution shall become effective
immediately upon its adoptiOn.nd~~Aj1' 1996.
A T.UR S Y Rq YOR
ATTEST:
VICE MAY~
APPROVED~L~Y:
CITY ATTORNEY
ACTING CITY CLERK