R-1588-17 RESOLUTION NO. 1588-17
A RESOLUTION OF THE MIAMI SHORES VILLAGE
COUNCIL AUTHORIZING THE CREATION AND USE OF
ONE OR MORE ACCOUNTS AT BANKUNITED, N.A.,
IDENTIFYING AUTHORIZED SIGNATORS AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Village Council of Miami Shores Village has determined, in accordance
with the recommendation of the Finance Director, that it is in the best interests of the Village to
open and maintain one or more investment accounts for Village funds at BankUnited, N.A.
(hereinafter referred to as "Bank");
NOW THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF MIAMI
SHORES VILLAGE, A FLORIDA MUNICIPAL CORPORATION, as follows:
1. That Bank be and is hereby designated as a depository of Miami Shores Village a
Florida Municipal Corporation and public entity.
2. That Bank is authorized to receive and accept any and all checks, drafts, notes, orders
or other instruments for the payment of money payable to the Village, or to its order,
when bearing the endorsement of the Village, which endorsement, if any, may be in
writing, by stamp or otherwise affixed, with or without the designation or signature of
any person.
3. That the Authorized Signers with regard to any accounts of the Village at the Bank
shall be those individuals whose names and specimen signatures are attached as an
exhibit to this Resolution (hereinafter the "Authorized Signers." The Authorized
Signers are hereby authorized to endorse the name of the Village on any and all
checks, drafts, notes, orders or other instruments for the payment of money payable to
the Village, which endorsement, if any, may be in writing, by stamp, by facsimile or
otherwise affixed.
4. That the Bank be and is hereby directed to honor, pay and charge to the accounts of
the Village, drafts, notes, orders or other instruments for the payment of money drawn
against any accounts of the Village with the Bank when signed, whether by signature
or facsimile thereof, on behalf of the Village by any Authorized Signer.
5. That this Resolution and the authority conferred hereby shall remain in full force and
effect until revoked or modified by written notice provided to the Bank at its office
where the account of the Village is maintained and signed by the Village Manager,
the Village Finance Director or the Village Mayor. The Finance Director of the
Village is authorized and directed to furnish the Bank with a certified copy of this
Resolution, including the names and specimen signatures of the persons named
herein.
6. The Village agrees to be bound by all rules and regulations set forth in the Bank's
applicable disclosure statements, agreements and schedules of fees, as same may be
amended from time to time, or other agreement received by the Village from the
Bank, with the same force and effect as if each and every term thereof were set forth
in full herein and made a part hereof.
7. This Resolution shall take effect upon its adoption.
PASSED AND ADOPTED THIS 17th day of January , 2017.
ATTEST:
-4-6 61fa r Alice Burch, Mayor
Barbara A. Estep, MMC
Village Clerk
APPROVED AS TO FORM:
Richard Sarafan, Village AttoWiey
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EXHIBIT"A"
The following are the names and specimen signatures of the Authorized Signers:
NAME TITLE SIGNATURE
Tom Benton Village Manager
Alice Burch Mayor
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