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Department Approval <br />��S�E <br />REQUEST FOR COUNCIL ACTION <br />Date.- 1/03/11 <br />Item No..- 7. d <br />Acting City Manager Approval <br />Item Description.- Designation of Official Bank Signatories for 2011 <br />1 BACKGROUND <br />2 State Statute requires the City to designate officials with the authority to sign checks for payment of goods <br />3 and services. This includes checks processed through the City's payroll and accounts payable systems. <br />4 <br />Traditionally, the Mayor, City Manager, and Finance Director have been designated as authorized <br />6 individuals. <br />"7 POLICY OBJECTIVE <br />8 The designation of official bank signatories is required under State Statute. <br />9 FINANCIAL IMPACTS <br />1 ('-) Not applicable. <br />11 STAFF RECOMMENDATION <br />12 Staff Recommends that Mayor Dan Roe, City Manager Bill Malinen, and Finance Director Chris Miller be <br />13 designated as official signatories for 2011. <br />14 REQUESTED COUNCIL ACTION <br />1 Adopt the attached resolution designating the Mayor, City Manager, and Finance Director as official <br />16 signatories for 2011. <br />1 ��7 <br />Prepared by: Chris Miller., Finance Director <br />Attachments: A: Resolution designating the Mayor, City Manager, and Finance Director as official signatories for 2011 <br />Page I of 2 <br />