305-98 RDA
RESOLUTION NUMBER
305-98
A RESOLUTION OF THE CHAIRMAN AND
MEMBERS OF THE MIAMI BEACH
REDEVELOPMENT AGENCY AUTHORIZING
SIGNATORIES TO EXECUTE VOUCHERS
DRAWING 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 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, Christina Cuervo, Assistant Director; and/or
c. Mayra Diaz Buttacavoli, Assistant Director; and/or
d. Patricia D, 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:
1. South Pointe Redevelopment Checking Account,
No, 90-02-0000-23,
11. City CenterIHistoric Convention Village Checking Account,
No, 46-01-0080-50.
Section 3,
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 for the Miami Beach Redevelopment Agency, when such checks or other
orders for money shall be signed or endorsed in the name of the Miami Beach
Redevelopment Agency by its officers above named.
Section 4.
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.
Section 5.
That the above individuals shall execute a signature page concerning the accounts,
attached hereto as Exhibit "A",
Section 6,
That should the Agency decide 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 Banle
Section 7,
That any and all legislation in conflict herewith be hereby repealed,
Section 8,
This Rsolution shall become effective immediately upon its adoption,
PASSED AND ADOPTED THIS 23rd DAY OF
September , 1998.
~f1~
Chairman
ATTEST:
~(f~
Secretary
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECunON
1*;.;,cv 't/!fIl!-
G~nf':rat COtln~{::
Exhibit A
NATIONS BANK
Accounts:
A. South Pointe Redevelopment Checking Account,
No, 90-02-0000-23,
B. City CenterIHistoric Convention Village Checking Account,
No, 46-01-0080-50,
Shall be upon official vouchers duly prepared and bearing any two signature as follows:
~~~~
ChristimfCuervo, Assistant Director
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Mayra laZ ButtacavolI, ASSiStant Director
--fl1w 2u--
Patrica D, Walker, Finance Director
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO. 98- '3 ~
September 23, 1998
TO:
Chairman and Members of the
Miami Beach Redevelopment Agency
S . Rd' 1-'
erglO 0 rIguez ,"
Executive Director //
A RESOLUTIO~F THE CHAIRMAN AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY AUTHORIZING SIGNATORIES TO
EXECUTE VOUCHERS DRAWING FUNDS IN THE MIAMI BEACH
REDEVELOPMENT AGENCY BANK ACCOUNTS AT NATIONS BANK.
FROM:
SUBJECT:
ADMINISTRATION RECOMMENDATION
Adopt the Resolution,
BACKGROUND
The resolution authorizing the signing of vouchers drawn on funds and the overnight investment
of funds in the NationsBank accounts for South Pointe and City CenterIHistoric Convention Village
tax increment districts of the Miami Beach Redevelopment Agency is periodically updated, as
required.
ANAL YSIS
Whenever there are changes of officers of the Miami Beach Redevelopment Agency, who are also
authorized signatories on the accounts, it is necessary to recognize these changes by Resolution.
CONCLUSION
A new Resolution authorizing appropriate signatures should be executed by the Chairman and
Secretary at this time to provide operating and signature continuity on these accounts.
C,j.A(.-
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Attachments
svurti VVI~r:
Vedevel()pment Ulstrict
\genda Item~ n
V~ate 9-Ls-9 ~