291-98 RDA
RESOLUTION NUMBER
291-98
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF
THE MIAMI BEACH REDEVELOPMENT AGENCY
AUTHORIZING SIGNATORIES TO EXECUTE VOUCHERS
DRAWING UPON FUNDS IN THE MIAMI BEACH
REDEVELOPMENT AGENCY BANK ACCOUNTS AT NATIONS
BANK
WHEREAS, the Miami Beach Redevelopment Agency has
established two accounts at Nations Bank; and
WHEREAS, the Chairman and Members of the Miami Beach
Redevelopment Agency wish to designate signatories who may
execute vouchers in order to draw upon funds for the benefit of
the Agency.
NOW THEREFORE, BE IT RESOLVED by the Chairman and Members of
the Miami Beach Redevelopment Agency:
Section 1.
That any two of the following specified
individuals may execute an official, duly prepared
voucher upon funds in any of the two specified
accounts described in Section 2 below on deposit
at Nations Bank:
a. Sergio Rodriguez, Executive Director; and/or
b. Harry S. Mavrogenes, Assistant Director;and/or
c. Mayra Diaz Buttacavoli, Assistant Director;
and/or
d. Patricia Walker, Finance Director.
Section 2.
That the following two accounts are those
established at Nations Bank upon which any two of
the above specified individuals may withdraw
funds:
i. South Pointe Redevelopment Checking Account,
No. 90-02-0000-23
ii. City Center/Historic Convention Village
Checking Account, No. 46-01-0080-50
Exhibit A
NATIONS BANK
ACCOUNTS:
A. South Pointe Redevelopment Checking Account,
No. 90-02-0000-23
B. City Center/Historic Convention Village Checking
Account, No. 46-01-0080-50
shall be upon official vouchers duly prepared and bearing two
signature as follows:
.
odriguez, Executive Director
sistant Director
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Mayra Diaz Buttacavoli, Assistant Director
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Patricia Walker, Finance Director
Section 3.
Section 4.
Section 5.
Section 6.
Section 7.
That Nations Bank is hereby authorized and
requested to accept, honor and pay without further
inquiry, and until delivery to it of written
notice of any amendment of the authority hereby
granted, all checks and other orders for the
payment or withdrawal of money deposited with
Nations Bank in the name of the Miami Beach
Redevelopment Agency, including checks drawn to
the individual order of the officers so signing
and including also all such instruments payable or
endorsed to the order of the Miami Beach
Redevelopment Agency, when such checks or other
orders or money shall be signed or endorsed in the
name of the Miami Beach Redevelopment Agency by
its officers above named.
Funds contained in the two Miami Beach
Redevelopment Agency checking accounts will sweep
on a daily basis to an overnight repurchase
agreement for the purpose of maximizing earnings
of excess funds of the Agency.
That the above individuals shall execute a
signature page concerning the accounts, attached
hereto as Exhibit "A".
That should the Agency wish to amend this
Resolution by providing for one or more different
individuals than those named above to act in the
capacity of signatory, a Resolution to that effect
with an appropriate signature page shall be filed
with Nations Bank.
That any and all legislation in conflict herewith
be hereby repealed.
6th
DAY OF
PASSED AND ADOPTED THIS
1998.
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
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SEe TARY
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City Attorney Dote
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673- 7295
Fax: (305)673-7772
REDEVELOPMENT AGENCY MEMORANDUM 98 - ,,-
May 6, 1998
TO: Chairman and Members of the Board
of the Redevelopment Agency
SUBJECT: A RESOLUTION OF E HAIRMAN AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY AUTHORIZING SIGNATORIES TO
EXECUTE VOUCHERS DRAWING UPON FUNDS IN THE MIAMI BEACH
REDEVELOPMENT AGENCY BANK ACCOUNTS AT NATIONS BANK
FROM: Sergio Rodriguez
Executive Director
ADMINISTRATION RECOMMENDATION
Adopt the Resolution
BACKGROUND
The Resolution for the signing of vouchers drawn on funds and the
overnight investment of funds in the Nations Bank accounts for
South Pointe and City Center/Historic Convention Village
increment districts of the Miami Beach Redevelopment Agency is
periodically updated, as required.
ANALYSIS
Due to changes in officers of the Miami Beach Redevelopment
Agency, and other authorized signatures, it is necessary to
recognize these changes in a Resolution.
CONCLUSION
A new Resolution containing appropriate authorized signatures
should be executed by the Chairman and Secretary at this time to
provide operating and signature continuity on these accounts.
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