Resolution 17-001 Banking Authority CITY OF SPOKANE VALLEY
SPOKANE COUNTY,WASHINGTON
RESOLUTION NO. 17-001
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
COUNCILMEMBERS AND CITY OFFICERS HAVE SIGNING AUTHORITY PURSUANT TO
SPOKANE VALLEY MUNICIPAL CODE 3.55.010; REPEALING RESOLUTION 16-002, 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, Umpqua 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:
L.R. Higgins
Arne Woodard
Edward Pace
Section 3. City Officers Designated to Have Signature Authority at Qualified Financial
De.ositories for MakingFa rnents on Claims or Obli ations of the Ci and InvestingPublic 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:
Mark Calhoun, City Manager
Chelsie Taylor,Finance Director
Dan Duffey,Accounting Manager
Section 4. Repeal. Resolution 16-002 is hereby repealed in its entirety.
Section 5. Effective Date. This Resolution shall be effective upon adoption.
Resolution 17-00I Declaring Banking Authority Page 1 of 2
PASSED by the City Council of Spokane Valley, Washington this 10th day of January,2017.
CITY OF SPOKANEVALLEY
L.R.
Higgins,"-Mayo
ATTES
Christine Bainbridge, City Clerk
Approved as Form:
d
Office] t orney
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