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Res 02-371 RESOLUTION NO. 02-371 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, 94-174, NO. 99-304 AND 99-308). THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Repealer. Resolution No. 99-308, adopted December 21, 1999 is hereby repealed. Section 2. City's Depository Bank Designated. US Bank, 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 ITom 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 ITom time to time. A. City Funds. 1. City Manager and Management Services Director. The City Manager and the Managernent Services Director are hereby authorized to sign any checks, drafts or warrants drawn on any accounts, so established. Any checks, drafts or CC(Q)~1f warrants drawn on any accounts so established, in excess of One Thousand Dollars and no/100 ($1,000.00) must be signed by both the City Manager and the Management Services Director. 2. Parks Recreation and Cultural Services Director and Superintendent. The Parks Recreation and Cultural Services Director and Superintendent are hereby authorized to sign checks up to Two Hundred Dollars ($200.00) on the Parks Refund Checking Account for the purpose of refunding rental deposits for City property administered by Parks, which include, but are not limited to all Parks, Dumas Bay and Knutzen Theatre properties, and for the purpose of refunding deposits and/or payments for Parks programs, which include, but are not limited to classes, special events. B. Municipal Court Funds. The following designated positions, the Court Administrator, the Court Services Supervisor and the Accounting Court Clerk, are hereby authorized to sign any checks, drafts or warrants on behalf of the Municipal Court. Any checks, drafts or warrants drawn on the Municipal Court checking account, in excess of One Thousand Dollars and no/100 ($1,000.00) must be signed by any two of the designated authorized signatories. 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, THIS (1#.JDAYOF ~ ,2002. CITY OF FEDERAL WAY ~ð~ A YOR, JEANNE B GE ATTEST: '{k~~ CIT CLERK, N. CHRISTINE GRE N APPROVED AS TO FORM: ~ú.~ INTERIM CITY ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: 9/10/02 PASSED BY THE CITY COUNCIL: 9/17/02 RESOLUTION NO. 02-371 K:\Resolutionlsignature resolutionO81202