246-96 RDA
RESOLUTION NUMBER
246-96
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 DEPOSITORY.
WHEREAS, the Miami Beach Redevelopment Agency has established
two accounts at Nations Bank; 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 Agency.
NOW THEREFORE, BE IT RESOLVED by the Chairman and Members of
the Miami Beach Redevelopment Agency:
Section 1.
Section 2.
Section 3.
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. Jose Garcia-Pedrosa, Executive Director; and/or
b. Sergio Rodriguez, Deputy Director; and/or
c. Harry S. Mavrogenes, Assistant Director; and/or
d. Ruth Rubi, Administrative Secretary
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
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
Section 4.
Section 5.
Section 6.
Section 7.
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
signature page concerning the
hereto as Exhibit "A".
shall execute a
accounts, attached
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.
17th
July
, 1996.
DAY OF
PASSED AND ADOPTED THIS
ATTEST:
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\.J \(..~ CHAIRMAN
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SECRETARY
LEGAL DEpr
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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:
Jose Garcia-Pedrosa, Executive Director
~
Deputy Director
es, Assistant Director
@0.
Ruth Rubi, Administrative Secretary
EXHIBIT "A"
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM 96-22
July 17, 1996
TO: Chairman and Members of the Board
of the Redevelopment Agency
FROM: Jose Garcia-Pedrosa
Executive Director
SUBJECT: AUTHORIZATION FOR SIGNING OF VOUCHERS DRAWN ON THE FUNDS
IN THE MIAMI BEACH REDEVELOPMENT AGENCY BANK ACCOUNTS AT
NATIONS BANK
ADMINISTRATION RECOMMENDATION
The Administration recommends that the Chairman and Members of the
Board of the Redevelopment Agency authorize the execution of the
attached 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.
BACKGROUND
The Resolution is periodically updated, as required. Due to the
merger of Intercontinental Bank into Nations Bank and a change in
authorized signatures it is necessary to recognize these changes in
a resolution.
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AGENDA ITEM 2-A
July 17, 1996
ANALYSIS
Services to be provided by Nations Bank as successor to this merger
are essentially the same as previously received by the Agency from
Intercontinental Bank (predecessor).
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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