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CITY OF CENTERVILLE <br />REQUEST FOR ACTION <br />Agenda Item # Department: RequestedMeetingDate: <br />August 16, 2023 <br />Administration/EDA <br />XI.2 <br />TITLE OF ISSUE: <br />Authorize Executive Director to Perform Banking and Investment Duties <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />It is reasonable and prudent to have the Executive Director to have the same powers as the Assistant Treasurer <br />in the performance of all necessary administrative duties. The Economic Development Authority is being <br />requested to provide explicit authorization for banking and investment duties to be transacted by another staff <br />member in the Assistant Treasurer's absence. <br /> <br />This will authorize President Mark Remillard, Treasurer Anthony Smith, Executive Director Athanasia Lewis, <br />and Asst. Treasurer Bruce DeJong to sign checks and initiate transactions at MidWestOne Bank. The <br />expenditure of funds will still require two signatures and it is staff's intention that we always utilize one staff <br />member and one board member for that purpose. <br />COST AND SOURCE(S) OF FUNDING: <br />No cost <br />REQUESTED ACTION: <br />Staff recommends that the EDA approve the resolution as presented. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />X <br />Vote Record: AyeNay <br />____ <br />Other (specify) ____________ <br />_____ <br />_______________________________________________________________ <br />_____ <br />_____ <br />_______________________________________________________________ <br />_____ <br />Refer to: _________________________________ <br /> Tabled Until: ______________________________ <br />Consent <br /> Other: ___________________________________ <br /> Regular <br /> <br />