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HomeMy WebLinkAbout1989-48 Designating Coast Bank as a Depository for the Funds of the Townv.._ -- RESOLUTION NO. 48 Series of 1989 A RESOLUTION DESIGNATING Coast Bank, P. O. Box 3628, Long Beach, CA, 90802 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 DF 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 Coast Bank as a depository for funds of the Town. NDW, THEREFORE, BE IT RE50LVED by the Tawn Council of the Town of Vail, Colorado, as follows: 1. Coast Bank is hereby designated as a depository for the funds of the Town 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 Coast Bank. When an account with Coast 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 ~ 18th day of July, 1989 Bent Rase, 1Kayor St~'I~t.t~G~~ d . ~ ~t..1~~.U.a1,U'ti-1 Pamela A. Brandmeyer, Town Clerk