Res 94-174
RESOLUTION NO.
94-174
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF FEDERAL WAY, WASHINGTON, DESIGNATING THE
QUALIFIED PUBLIC DEPOSITORY WHERE CHECKS ARE
TO BE DRAWN, DESIGNATING THOSE PERSONS
AUTHORIZED TO SIGN CHECKS, DRAFTS, OR WARRANTS
ON BEHALF OF THE CITY. (REPEALS RESOLUTIONS
NO. 89-09, NO. 90-22 AND NO. 90-30)
THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON,
DOES HEREBY RESOLVE AS FOLLOWS:
section 1.
Repealer.
Resolution No.
89-09,
adopted
December 5,1989, Resolution No. 90-22, adopted April 10, 1990, and
Resolution No. 90-30, adopted June 5,1990, are hereby repealed.
section 2.
City's Depository Bank Desiqnated.
Key Bank
of Washington, a national banking association, is hereby designated
to be the qualified public depository bank whereon City checks are
to be drawn and certain accounts are to be established from time to
time on behalf of the city.
section 3.
citv's Authorized Siqnatures.
The following
designated and named individuals, acting in their official capacity
as the City Manager and the Management Services Director, for and
on behalf of the city, are hereby authorized to open such checking,
draft, warrant or other depository accounts on behalf of the city,
as they shall deem necessary from time to time.
Any checks,
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COpy
drafts, or warrants drawn on any accounts so established in excess
of Five Hundred Dollars and no/l00 ($500.00) must be signed by both
the City Manager and the Management Services Director, whose names,
titles and signatures are set forth as follows:
Title Name signature Date
city Manager Kenneth E. Nyberg
Management Iwen Wang
Services
Director
section 4.
Reliance on Authorization.
Key Bank of
Washington is entitled to rely and act in accordance with the
authorizations contained in this resolution until such time as it
is notified by a new resolution of the Federal Way City council
amending or repealing this resolution.
section 5.
Severability.
If any section,
sentence,
clause or phrase of this resolution should be held to be invalid or
unconstitutional
by
a
court
of
competent
jurisdiction,
such
invalidity or unconstitutionality shall not affect the validity or
constitutionality of any other section, sentence, clause or phrase
of this resolution.
section 6.
Ratification.
Any act consistent with the
authority and prior to the effective date of the resolution is
hereby ratified and affirmed.
section 7.
Effective Date.
This resolution shall be
effective immediately upon passage by the Federal Way City Council.
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94-174
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RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
WASHINGTON, THIS 17th DAY OF
May
, 1994.
CITY OF FEDERAL WAY
~ ~ x/a4-,
MAY R, Y E. GATES
ATTEST:
. ~ ,Cl¿~:I.:, A¿>-/
'1'2./ CI Y CLERK, UREEN M. SWANEY, CMC
~PPIfVE~ AS TO FORM:
~~
CITY ATTORNEY, CAROLYN A. LAKE
FILED WITH THE CITY CLERK: 5/10/94
PASSED BY THE CITY COUNCIL: 5/17/94
RESOLUTION NO. 94-174
K:\RESO\BANK.SIG
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