Resolution 14-001 Bank Signatures CITY OF SPOKANE VALLEY
SPOKANE COUNTY,WASHINGTON
RESOLUTION NO. 14-001
A RESOLUTION OF THE CITY OF SPOKANE VALLEY,SPOKANE COUNTY,
WASHINGTON,DECLARING WHICH QUALIFIED PUBLIC DEPOSITORIES THE CITY IS
AUTHORIZED TO CONDUCT FINANCIAL TRANSACTIONS WITH,
DECLARING WHICH COUNCIL MEMBERS AND CITY OFFICERS
HAVE SIGNING AUTHORITY PURSUANT TO SPOKANE VALLEY MUNICIPAL
CODE 3.55.010,AND OTHER MATTERS RELATING THERETO.
WHEREAS, the City Council has authority, pursuant to Spokane Valley Municipal Code
3.55.010 to declare by resolution which qualified public depositories the City may use to pay its
claims or obligations, and to declare three Councilmembers and those City officers who are
authorized to make payments on claims or obligations of the City; and
WHEREAS, it is necessary from time-to-time to update which qualified financial
depositories the City does its banking with, as well as to update those Councilmembers and City
officers who are authorized to sign checks on behalf of the City at those depositories or otherwise
conduct the financial affairs of the City.
NOW THEREFORE, be it resolved by the City Council of the City of Spokane Valley,
Spokane County, Washington, as follows:
Section 1. Authorized Qualified Public Depositories for Making Payments on Claims
or Obligations of the City. The City of Spokane Valley is authorized to use Banner Bank,
Mountain West Bank, Sterling Savings Bank and other public depositories as listed on the
Washington Public Deposit Protection Commission listing of approved banks, for public
deposits, checks, and making fund transfers to and from accounts.
Section 2. Councilmembers Designated to Have Signature Authority at Qualified
Financial Depositories for Making Payments on Claims or Obligations of the City. Pursuant to
SVMC 3.55.010, the following Councilmembers are given signing authority on behalf of the City
to make payments on claims or obligations of the City:
Dean Grafos
Arne Woodard
Charles E. Hafner
Section 3. City Officers Designated to Have Signature Authority at Qualified
Financial Depositories for Making Payments on Claims or Obligations of the City and. Investing
Public Monies, Pursuant to SVMC 3.55.010, the following City Officers are given signing
authority on behalf of the City to make payments on claims or obligations of the City, to invest
its public monies with the Local Government Investment Pool, and make all appropriate transfers
related thereto:
Resolution 14-001 Resolution Declaring Authorized Financial Institutions/Signing Authority Page 1 of 2
Mike Jackson, City Manager
Mark Calhoun,Finance Director
Dan Duffey,Accounting Manager
Section 4. Ratification. The City Council ratifies the prior actions of Mayor Tom
Towey and Finance Director Mark Calhoun in signing on behalf of the City to the extent those
actions were not expressly authorized by a resolution.
Section 5. Repeal. To the extent that previous Council motions or resolutions are
inconsistent with those set forth herein, including specifically Resolution 09-006, they are
repealed.
Section 6. Effective Date. This Resolution shall be effective upon adoption.
PASSED by the City Council of Spokane Valley, Washington this 14th day of January,2014.
CITY OF SPOKANE VALLEY
I
Dean Grafos,M. .r
ATTES 9
Cluistine Bainbridge, City Cie
Approved as t orin:
/
Offrc f the Cit) torney
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