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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 dam, ofM~v - ~,~ ~l ~~ Ti~~~1J Kent Rose, Mayor ~ A`T`TEST 1~`tUI,~MLU,Iu.~ Pamela A. Brandmeyer, Town Clerk