Item Coversheet

Council Communication

Department: Finance
Case/Project No.:
Submitted by: Finance Department 		Resolution 20-42
ITEM 6.G.		Council Action: 2/10/2020
Description

Resolution amending the list of authorities for execution of financial transactions between the City of Council Bluffs, Iowa and institutions authorized to hold City funds (non-corporate resolution)
Background/Discussion

Several financial institutions and investment broker dealers require proof of authorization for the staff who transact official business with them. This proof is provided in the form of a resolution authorizing specific individuals to transact business with those institutions. It is often referred to as a "non-corporate" resolution.

 

The City has reviewed the last resolution approved in August 2016 and has made revisions to the authorized individuals to transact business on behalf of the City. The amendment authorizes the Mayor, Finance Director, and Accounting Manager.

 

 

The "redline" version of the previous resolution is attached along with a clean version of the proposed amended resolution.

Recommendation

Approve the amended resolution.
ATTACHMENTS:
DescriptionTypeUpload Date
Authorized Users to Transact Business_Redline VersionOther1/31/2020
Resolution 20-42Resolution2/5/2020