266-97 RDA
RESOLUTION NO.
266-97
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF
THE MIAMI BEACH REDEVELOPMENT AGENCY,
PROVIDING AUTHORITY FOR THE SIGNING OF
VOUCHERS AND TRANSFERS OF FUNDS IN BANKERS
TRUST COMPANY AND RESCINDING RESOLUTION NO.
251-96
WHEREAS, the Miami Beach Redevelopment Agency has established a
Construction Account at Bankers Trust Company; and
WHEREAS, the Chairman and Members of the Miami Beach Redevelopment
Agency wish to designate signatories who may execute vouchers and transfers 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 on and after the 25th day of September 1996, all withdrawal of funds
from the Miami Beach Redevelopment Agency account be described as
follows:
BANKERS TRUST COMPANY
Account "Loews Miami Beach Hotel Construction Fund"
designated
Section 2. That any two of the following specified individuals may execute an official
duly prepared voucher or cash transfer bearing the various designations as
given above, each bearing two signatures as follows:
a. PATRICIA WALKER, as City Finance Director, or
b. DENISE BYNUM, as City Chief Accountant, or
c. ROBERT PARCHER, as Secretary:
COUNTERSIGNED
a. JOSE GARCIA-PEDROSA, as Executive Director, or
b. SERGIO RODRIGUEZ, Deputy Director, or
c. HARRY S. MAVROGENES, as Assistant Director.
1
EXHIBIT "A"
Bankers Trust Company
Account designated: Loews Miami Beach Hotel Project
:~all ~C~C;:IY prepared and bearing two signatures as follows:
PATRICIA WALKER, as City Finance Director, or in her absence or inability to act
for any reason
By
n/..-
., ,,,-'
, as City Chief Accountant, or in her absence or inability to act for
By
G
BERT PARCHER, as Secretary
~
OA~
COUNTERSIGNED
By
lA-PEDROSA, as Executive Director, or in his absence or inability to
reason
/"
By
S ODRIGUEZ, as Deputy Director, or in his absence or inability to act for
ny ason
BY~
RY S. M_AV.--/ ENES, as Assistant Director
3
Section 3. That the above individuals shall execute a signature page concerning the
account, attached hereto as Exhibit "A".
Section 4. And with the further provision as to the account enumerated above in
Bankers Trust Company 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 City's Finance Director is
hereby authorized to use said signature in connection with said accounts.
Section 5: That said Bankers Trust Company is 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 Miami Beach Redevelopment Agency 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 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 hereinbefore named.
Section 6: That Resolution No. 251-96 adopted on the 25th day of September 1996, 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 THIS 19th DAY OF March 1997.
~c
Secretary
Chairman
Attest:
APPROVED AS 10
FORM & LANGUAGe
& fOR EXECUnON
2
-YfpJ
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193_
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO.
97-8
FROM:
Chairman and Members of the Board
of the Miami Beach Redevelopment Agency
Jose Garcia-Pedrosa -if I,
Executive Director /~ I
DATE: March 19, 1997
TO:
SUBJECT:
AUTHORIZATION FOR THE SIGNING OF VOUCHERS AND TRANSFERS OF FUNDS IN
BANKERS TRUST COMPANY (RESCINDING RESOLUTION NO. 251-96)
ADMINISTRATION RECOMMENDATION:
Approve 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 signatures
of the retired Finance Director and the Assistant Finance Director, adds the signature of the newly appointed
Finance Director, and replaces the Assistant Finance Director's signature with that of the Chief Accountant
until such time as the Assistant Finance Director is appointed.
ANAL YSIS:
Bankers Trust Company was selected at the time of issuance of the 1996 Tax Increment Bonds to hold bond
proceeds designated for the construction of the Loews Hotel project. In this regard, proposed changes
incorporated in this resolution are necessary to properly reflect current authorized signatures.
CONCLUSION:
This resolution should be approved to provide continuity for signing of vouchers and cash transfers over the
funds held at Bankers Trust Company.
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