89-90 RDA
RESOLUTION NO. 89-90
A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY, PROVIDING AUTHORITY FOR THE SIGNING OF
VOUCHERS DRAWN ON FUNDS IN THE MIAMI BEACH
REDEVELOPMENT AGENCY DEPOSITORY (RESCINDING
RESOLUTION NO. 77-89)
BE IT DULY RESOLVED BY THE MIAMI BEACH REDEVELOPMENT
AGENCY,
SECTION 1: That on and after the 18th day of April 1990, all withdrawals
of funds from the Miami Beach Redevelopment Agency accounts in the Miami
Beach Redevelopment Agency depository described as follows:
INTERCONTINENTAL BANK
Accounts: IIMi ami Beach Redevelopment Agency Checki ng Account
No. 90-02-0000-2311
1I~1i ami Beach Redevelopment Agency I nvestment Account
No. 90-02-0000-3611
By:
and bearing the various
signatures as follows:
shall be upon official
designations
in his absence or
By:
~.~
KAREN L. HOBSON, as Deputy Director, or in her absence or
inab'lity to act for any reason,
By:
or in her absence or
By: Ar,~, C~ative Secretary
SECTION 2: That said INTERCONTINENTAL BANK, is hereby authorized and
requested to accept, honor and pay without 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 or money shall be signed or endorsed in the
name of the Miami Beach Redevelopment Agency by its officers hereinbefore
named.
SECTION 3: That Resolution No. 77-89 adopted on the 19th day of
April, 1989 be and the same is hereby rescinded and that all other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are hereby repealed.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 th is 18th
1990.
FORM APPROVED
LEGAL DEPT.
B~?2~
Date ~fto/J()
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ATTEST:
.~~~
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach. Florida 33139
REDEVELOPMENT AGENCY MEMORANDUM NO. 90-3
April 18, 1990
FROM: Rob W. Parkins
Executive Director
TO: Chairman and Member
Redevelopment Age cy
SUBJECT: AUTHORIZATION FOR SIGNING CHECKS AND WITHDRAWAL FORMS
DRAWN ON FUNDS IN INTERCONTINENTAL BANK SERVING AS
DEPOSITORY FOR THE MIAMI BEACH REDEVELOPMENT AGENCY
(RESCINDING RESOLUTION NO. 77-89)
The account structure maintained at Intercontinental Bank is being
changed to maximize earning potential with a fully collateralized
automatic investment account. This eliminates manual transfer of
funds among accounts and increases earnings to the Agency.
The proposed Resolution affects bank accounts that the Agency
currently utilizes.
ADMINISTRATION RECOMMENDATION:
The Administration recommends that the Agency Board approve the
attached Resolution for due and appropriate notification to
Intercontinental Bank as depository for the Miami Beach
Redevelopment Agency.
RWP:RJN:ap
Attachment
au
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