Res 99-304
RESOLUTION NO. 99-304
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, NO. 90-30 AND NO. 94-] 74).
THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS:
Section I. Repealer. Resolution No. 94-174, adopted May 17, 1994 is
hereby repealed.
Section 2. City's Depository Bank Designated. US Bank, a national
banking association, is hereby designated to be a 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.
City's Authorized Signatures.
The following designated
positions, the City Manager and the Management Services Director, are hereby
authorized to open such checking, draft, warrant or other depository accounts for and on
behalf of the City, as they shall deem necessary from time to time. Any checks, drafts or
warrants drawn on any accounts, so established, in excess of Five Hundred Dollars and
nolI 00 ($500.00) must be signed by both the City Manager and the Management Services
Director.
~~fWAY
Section 4. Reliance on Authorization. US Bank 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.
RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL
WAY, WASHINGTON, HIlS ~ DAY OF
October
,1999.
CITY OF FEDEAL WAY
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MA YOR, RON GINTZ
ATTEST:
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CITY CLERK, N. CHRISTINE GREEN, CMC
APPROVED AS TO FORM:
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~> RNEY, LON~~~
FILED WITH THE CITY CLERK: 10/5/99
PASSED BY THE CITY COUNCIL: 1015/99
RESOLUTION NO. 99-304