HomeMy WebLinkAbout1989-07 Designating Sterling Bank as a Depository for the Funds of the Townr
RESOLUTION NO. 7
Series of 2989
A RESOLUTION DESIGNATING Sterling Bank, 372 E. Olive,
Burbank, California AS A DEPOSITORY FOR THE FUNDS OF THE
TOWN AS PERMITTED BY THE CHARTER OF THE TOWN, ITS
ORDINANCES, AND THE STATUTES OF THE STATE OF COLORADO.
WHEREAS, the Town has the power to designate banks or
financial institutions as depositories for funds of the Town; and
WHEREAS, the Town wishes to designate Sterling Bank as a
depository for the funds of the Town.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town
of Vail, Colorado, as follows:
1. sterling Bank is hereby designated as a depository for the
funds of the Town of Vail.
2. Charles Wick, the Director o€ Administrative Services of
the Town of Vail, or his successor, and Steve Thompson, Financial
Controller of the Town of Vail, or his successor, are hereby
authorized to open any deposit or checking accounts in the name of
the Town of Vail at Sterling Bank. When an account with Sterling
Bank is liquidated, a check shall be made to the Town of Vail and
mailed to 75 S. Frontage Road, Vail, Colorado 81657.
3. This Resolution shall take effect immediately upon its
passage. INTRODUCED, READ, APPROVED AND ADOPTED this 2nd
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Kent Rose, Mayor ~
A`T`TEST
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Pamela A. Brandmeyer, Town Clerk