96-22140 RESO
96-22140
RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA, PROVIDING
AUTHORITY FOR THE SIGNING OF VOUCHERS DRAWN
ON FUNDS IN THE CITY OF MIAMI BEACH DEPOSITORIES
AND RESCINDING RESOLUTION NO. 95-21751
WHEREAS, the City of Miami Beach maintains Operating and Trust accounts at
various financial institutions; and
WHEREAS, the Mayor and City Commission wish to designate signatories who may
execute vouchers in order to draw upon funds for the benefit of the City.
NOW THEREFORE, BE IT RESOLVED by the Mayor and City Commission of the
City of Miami Beach, Florida:
Section 1: That on and after the 1 st day of October 1996, all withdrawal of funds from
the City of Miami Beach accounts in City Depositories described as follows:
a. FIRST UNION NATIONAL BANK OF FLORIDA
Accounts
designated
"City of Miami Beach as Trustee for Convention Center
Expansion Trust Account"
"City of Miami Beach Consent Decree Trust Account"
"Trustee for the City of Miami Beach Parking Revenue
Bonds Series 1988 - Debt Service Reserve"
"Trustee for the City of Miami Beach Parking Revenue
Bonds 1988 - Current Debt Service"
"City of Miami Beach, Florida Tax Special Obligation
Bond (Pension Funding Project) Series 1994 - Cost
of Issuance Account"
"City of Miami Beach, Florida Tax Special Obligation
Bond (Pension Funding Project) Series 1994 - Debt
Service Reserve Account"
"City of Miami Beach, Florida Tax Special Obligation
Bond Pension Funding Project) Series 1994 - Interest
Account"
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"City of Miami Beach, Florida Tax Special Obligation
Bond (Pension Funding Project) Series 1994 -
Principal Account"
"City of Miami Beach, Florida Tax Special Obligation
Bond (Pension Funding Project) Series 1994 -
Redemption Account"
b. SUN BANK/MIAMI. N.A.
Account
designated
"City of Miami Beach General Disbursement Account"
"City of Miami Beach General Depository Account"
"City of Miami Beach Payroll Account"
"City of Miami Beach Liability Claims Account"
c. NATIONS BANK. N.A.
Account
designated
"City of Miami Beach Community Development Program
Fund"
"City of Miami Beach Rental Rehabilitation Program"
"City of Miami Beach Convention center Trust Account"
"City of Miami Beach Recreation Division Imprest
Account"
"Retirement System for General Employees of the City
of Miami Beach - Operating Account"
"Retirement System for Unclassified Employees and
Elected Officials of the City of Miami Beach -
Operating Account"
e. FIDUCIARY TRUST INTERNATIONAL OF THE SOUTH
Account
designated
"Retirement System for General Employees of the City
of Miami Beach - Trust Account"
"Retirement System for Unclassified Employees and
Elected Officials of the City of Miami Beach - Trust
Account"
"City Pension Fund for Firemen and Policemen in the
City of Miami Beach - Trust Account"
"City Supplement Pension Fund for Firefighters and
Police Officers in the City of Miami Beach - Trust
Account"
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e. CITY NATIONAL BANK
Account "City of Miami Beach - HOME Investment Partnership"
designated
f BANKERS TRUST COMPANY
Accounts
designated
"City of Miami Beach Note Fund General Account - Basic
Payments"
"City of Miami Beach Note Fund General Account - Other
Than Basic Payments"
"City of Miami Beach Note Fund General Account -
Credit Facility Payments"
"City of Miami Beach Note Fund General Account - Initial
Interest Excess"
"City of Miami Beach - Project Fund"
"City of Miami Beach - Rebate Fund"
g. SUN BANK. N.A.
Account
designated
"Sun Bank, N.A. as Trustee for the City of Gulf Breeze
LocalGovernment Loan Program Floating Rate
Demand Revenue Bonds, 1985 (Miami Beach Loan
Fund)"
Section 2. That any two of the following specified individuals may execute an official
duly prepared voucher bearing the various designations as given above,
each bearing two signatures as follows:
a. R. J. NACHLlNGER, as Finance Director, or
b. ROBERT W. SPINNEY, as Assistant Finance Director, or
c. ROBERT PARCHER, as City Clerk:
COUNTERSIGNED
a. JOSE GARCIA-PEDROSA, as City Manager, or
b. SERGIO RODRIGUEZ, Deputy City Manager, or
c. MAYRA DIAZ-BUTTACAVOLl, Assistant City Manager, or
d. HARRY S. MAVROGENES, as Assistant City Manager, or
e. JOSEPH R. PINON, Assistant City Manager.
Section 3. That the above individuals shall execute a signature page concerning the
account, attached hereto as Exhibit "A".
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Section 4. And with the further provision as to the accounts enumerated above in First
Union National Bank of Florida, Sun Bank/Miami, N.A., Nations Bank, N.A.,
Fiduciary Trust International of the South, City National Bank, Bankers Trust
Company and Sun Bank, N.A. withdrawals of funds from which shall be on
imprinted checks designated each bearing two signatures as set forth; or
bearing the signature consisting of the background and other identifying
symbols and facsimile signatures, as are imprinted on the sample checks
attached hereto and made a part thereof; and the Finance Director is hereby
authorized to use said signature in connection with said accounts.
Section 5: That said First Union National Bank of Florida, Sun Bank/Miami, N.A.,
Intercontinental Bank, Nations Bank, N.A., Fiduciary Trust International of the
South, City National Bank, Bankers Trust Company, and Sun Bank, N.A.,
are hereby authorized and requested to accept, honor and pay without
further inquiry and until delivery to it of written notice of the further inquiry,
and until delivery to it of written notice of the revocation of the authority
hereby granted, all checks and other orders for the payment or withdrawal
of money deposited with said banks in the name of said City of Miami Beach
including checks drawn to the individual order of the officers signing same
and including also all such instruments payable or endorsed to the order of
the City of Miami Beach, when such checks or other orders for money shall
be signed or endorsed in the name of the City of Miami Beach by its officers
hereinbefore named.
Section 6: That Resolution No. 95-21751 adopted on the 11th day of October 1995, be
and the same is hereby rescinded and that all other resolutions or parts of
resolutions in conflict herewith be and the same are hereby repealed.
PASSED AND ADOPTED T
1996.
Attest:
jOVLtt ~~
City Clerk
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First Union National Bank of Florida, Sun Bank/Miami, N.A., Nations
Bank, N.A., Fiduciary Trust International of the South, City National
Bank, Bankers Trust Company, and Sun Bank, N.A.
Accounts designated:
All accounts enumerated in Resolution No. 96-22140
shall be on official vouchers duly prepared and bearing two signatures as follows:
tf~
R. J. NACHLlNGER, as Finance Director, or in his absence or inability to act for any
reason or-
By
By
By
ROBERT W. SPINN , as Assis t inance Director, or in his absence or inability
to ~ :o:y;eap:dUA-
ROBERT PARCHER, as City Clerk:
COUNTERSIGNED
RODRIGUEZ, as Deputy City Manager, or inhis absence or inabilit~act
any reason -Tv
By '-?;?:!-Ck.~-o'- ~. ~a.(?b.L ~XL:
MAYRA DIAZ-BUTTACAVOLl, as Assistant City Manager, or in her absence or
inabilit t for any reason
,~-~
By
-
By
By
.,"--
By
H.R~ PINON, as Assistant City Manager
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CITY
OF
MIAMI
BEACH
CITY HALL t70Q CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
OFFICE OF THE CITY MANAGER TELEPHONE: (305) 673-7010
FAX: (305) 673-7782
COMMISSION MEMORANDUM NO. 55 7-t11o
TO:
Mayor Seymour Gelber and
Members of the City Commission
DATE: September 25, 1996
FROM:
Jose Garcia-Pedrosa
City Manager
SUBJECT:
AUTHORIZATION FOR THE SIGNING OF VOUCHERS DRAWN ON FUNDS IN THE CITY
OF MIAMI BEACH DEPOSITORIES (RESCINDING RESOLUTION NO. 95-21751)
ADMINISTRATION RECOMMENDATION:
The Administration recommends that the City Commission approve the authorization
for the signing of vouchers drawn on funds in the City of Miami Beach listed in
the Resolution.
BACKGROUND :_
The attached resolution is periodically updated, as required, due to changes in
authorized signers, addition of new bank accounts and deletion of closed bank
accounts. The current resolution deletes the signature of a retired Assistant
City Manager, adds the signature of the City Clerk, replacing the interim City
Clerk signature, recognizes appointment of Fiduciary Trust International of the
South as the depository for the City'S pension trust funds and deletes two Police
and Fire Pension Funds checking accounts which will no longer be maintained at
Nations Bank, N.A. and will be under full signature authority of the Police and
Fire Pension Board.
ANALYSIS:
Proposed changes incorporated in this resolution are necessary to properly
reflect current authorized signatures, recognize the current pension fund
depository and delete two pension fund operating accounts which will be closed
September 30, and re-opened at another depository by the Police & Fire Pension
Board.
CONCLUSION:
This resolution should be approved to provide continuity for signing of vouchers
on these accounts.
RMC:RWS:cp
DATE
C.iN
q-zs-qi,
AGENDA ITEM