Resolution 02-007 Establishing Interim Depository Bank CITY OF SPOKANE VALLEY
SPOKANE COUNTY, WASHINGTON
RESOLUTION NO. 02-07
A RESOLUTION OF THE CiTY OF SPOKANE VALLEY, SPOKANE COUNTY,
WASHINGTON, ESTABLISHING AN OFFICIAL INTERIM DEPOSITORY BANK
FOR THE CITY OF SPOKANE VALLEY
WHEREAS, the City of Spokane Valley will be receiving monies and paying expenses of
the City of Spokane Valley;
WHEREAS, the City of Spokane Valley needs a depository bank from which to receive
these deposits and to write checks;
WHEREAS, the City Council has considered such issues as size and convenience in
determining where to conduct its banking business;
NOW, THEREFORE, be it resolved by the City Council of the City of Spokane Valley,
Spokane County, Washington, as follows:
Section 1. Depository Bank Designated.
The City Council hereby designates Farmers & Merchants Bank, with
offices at 10808 East Sprague Avenue, Spokane, Washington 99206, as the interim depository
bank for the City of Spokane Valley. The Interim City Manager is hereby authorized to
immediately open an account or accounts on behalf of the City of Spokane Valley.
Section 2. Effective Date.
This Resolution shall be in full force and effect on March 31, 2003,
provided that the terms of the Resolution shall also be in effect in the interim period prior to
March 31, 2003.
Adopted this.� day of December, 2002.
City of Spokane Valley
Mayor Mike DeVleming • " '
ATTEST:
, �
Interim City Clerk, Ruth Miller
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Approved as to Form:
IV City V, Stanley i . Schwartz
CrICACity of Sp kanc Vailcy\Resolutions\RcsolutionO2-07.doc 2