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HomeMy WebLinkAbout1989-10 Designating Coral Coast Savings Bank as a Depository for the Townrr RESOLUTION NO. 10 Series of 1989 A RESOLUTION DESIGNATING Coral Coast Savings Bank, 113 N. Congress Ave., Boynton Beach, Florida 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 Coral Coast Savings 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. Coral Coast Savings Bank is hereby designated as a depositary for the funds of the Tawn of Vail. 2. Charles Wick, the Director of 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 Coral Coast Savings Bank. When an account with Coral Coast Savings 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 day of Mav. 1989 v O'er . Kent Rose, Mayor ATTEST: 1. ~:rr~CU~~ Pamela A. Brandmeyer, Town Clerk