HomeMy WebLinkAbout1996-03 Designating the CO Banks as a Depository for the Funds of the 457 Deferred Compensation Plan for TOVRESOLUTION NO. 3
SERIES OF 9996
A RESOLl1TfON DESIGNATING COLORADO NATIONAL BANK AS A DEPOSITORY
FOR THE FUNDS OF THE TQWN aF VAIL 457 DEFERRED CpMPENSATroN PLAN As
PERMITTEE7 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 ar financial institutions and money
market accounts for funds of the Town; and
WHEREAS, the Town wishes to designate Colorado Nationa[ Bank as a depository for
funds of the Tawn of Vail 457 Deffered Compensation fIan.
NOW, ,THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail,
Colorado, as follows:
1. Colorado National Bank is hereby designated as a depository for the funds of the
Town of Vail 457 Deffered Compensation Plan
2. Steve Thompson, the Finance Director of the Town of Vail, or his successors, and
Christine Anderson, Finance Controller of the Town of Vail, or her successor, are hereby authorized
to open a money market account(s) in the name of the Town of Vail 457 Deffered Compensation
Plan at Colorado National Bank. When an account with Colorado National Bank is liquidated, a
check shall be made to the Town of Vail Deffered Compensation Plan and mailed to 75 5. Frontage
Road, Vail, Colorado 81657.
3. This resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 16th day of January, 996.
1
Syb' as, Mayor ro-`~~m
ATTEST:
o~rr~
Holly L. McCutcheon, Town Clerk
C,IRESOLlJ96.3
Resolution No. 3, Series of 1996