Resolution 09-006 Declaring Banking Authority CITY OF SPOKANE VALLEY
SPOKANE COUNTY,WASHINGTON
RESOLUTION NO.09-006
A RESOLUTION OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY,
WASHINGTON, DECLARING WHICH FINANCIAL INSTITUTIONS THE CITY IS
AUTHORIZED TO CONDUCT FINANCIAL TRANSACTIONS WITH, DECLARING
WHICH COUNCIL MEMBERS AND CITY OFFICERS HAVE SIGNING
AUTHORITY, REPEALING RESOLUTION 03-040, AND OTHER MATTERS
RELATED THERETO.
WHEREAS, the City Council has authority, pursuant to Spokane Valley Municipal Code section
3.55.010, to declare by resolution which financial entities the City may invest public funds with,
including depositing funds into accounts, writing checks from such accounts, and authorizing fund
transfers to and from such accounts; and
WHEREAS, the City Council has authority, pursuant to Spokane Valley Municipal Code section
3.55.010, to declare by resolution those Council members and City officers who may sign checks on
behalf of the City;and
WHEREAS, it is necessary from time-to-time to update which financial institutions the City is
authorized to do business with, and to identify those Council members and City officers who are
authorized to sign on behalf 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. The City is authorized to use Banner Bank, Mountain West Bank and
other public depositaries 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. The City is authorized to invest its public monies with the Local
Government Investment Pool and make all appropriate transfers related thereto.
Section 3. The following Council members are authorized to transact business with
public depositaries and the Local Government Investment Pool:
Richard Munson
Diana Wilhite
Rose Dempsey.
Section 4. The following City officers are authorized to transact business with
public depositaries and the Local Government Investment Pool:
Ken Thompson,Finance Director
Mike Jackson,Deputy City Manager.
Section 5. Repeal. To the extent that previous council motions, resolutions and
ordinances are inconsistent with those set forth herein, including Resolution 03-040, they are repealed.
Resolution 09-006 Page 1 of 2
Section 6. Effective Date. This Resolution shall be in full force and effect upon
adoption.
Adopted this 12th day of May,2009.
ATTEST: CITY OF.S'O ^NE VALLEY
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hristine Bainbridge, City Clerk - Richard Munson,M or
Approved as to form:
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Office w the City orney
Resolution 09-006 Page 2 of 2