HomeMy WebLinkAboutItem #05 Resolution - Suntrust Bank Commercial Credit Card Account
AGENDA ITEM COVER SHEET
Meeting Date: July 11, 2007
Item # 5
Contact Name:
Contact Number:
Joyce Tolbert
1516
Reviewed By:
Department Director:
City Manager:
for Suntrust Bank Commercial Credit Card Account
~d/f
Subject: Approval of Resolution No.
Background Summary:
The City Commission awarded the Commercial Credit Card Agreement to Suntrust at the June 5, 2007 City Commission
meeting. Suntrust requires the City Commission to approve a formal Resolution before purchasing card services can begin.
Issue:
Approval of Resolution No. _ for Suntrust Bank Commercial Credit Card Account.
Recommendations
Staff recommends that the City Commission approve Resolution No. _ and authorize the Mayor and City Clerk to
execute the Resolution.
Attachments:
1. Resolution No.
Financial Impact:
n/a
Type of Item: (please mark with an "x')
Public Hearing
Ordinance First Reading
Ordinance Second Reading
Resolution
X Commission Approval
Discussion & Direction
For Clerk's Deat Use:
Consent Agenda
Public Hearing
Regular Agenda
_ Original DocumenUContract Attached for Execution by City Clerk
~ Original DocumenUContract Held by Department for Execution
Reviewed by City Attorney
Reviewed by Finance Dept.
Reviewed by ( )
d~td-
N/A
N/A
N/A
Citv Manager
Robert Frank
Commissioners
Gary Hood. District 1
Scott Anderson. District 2
Rustv Johnson. District 3
Joel Keller. District 4
Mavor
S. Scott Vandergrift
STAFF REPORT
FROM:
The Honorable Mayor and City Commissioners
Joyce Tolbert, Purchasing Agent~
June 29, 2007
TO:
DATE:
RE:
Approval of Resolution No.
for Suntrust Bank Commercial Credit Card Account
ISSUE
Approval of Resolution No. _ for Suntrust Bank Commercial Credit Card Account.
BACKGROUND/DISCUSSION
The City Commission approved the Suntrust Commercial Credit Card Agreement at the June 5, 2007 City Commission
meeting. Suntrust requires the City Commission to approve a formal Resolution before purchasing card services can begin.
I
RESOLUTION NO.
A RESOLUTION OF THE CITY COMMISSION OF
OCOEE, FLORIDA
WHEREAS, Sun Trust Bank has qualified as a Public depository
pursuant to the provisions of Chapters 136 and 280, Florida Statutes; and,
WHEREAS, inasmuch as SunTrust Bank has been designated as a
qualified depository for City of Ocoee Funds, the City Commission desires
by means of this resolution to authorize said depository to enter into and
execute any agreements or documents SunTrust Bank may require in order
to establish and maintain a commercial credit card account; and
WHEREAS, the City of Ocoee shall be bound by both terms and
conditions of relevant agreements, and SunTrust Bank's rules and
regulations related thereto; and,
WHEREAS, SunTrust Bank has requested that the City of Ocoee
provide samples of the signatures of the Mayor of Ocoee, Florida and the
City Clerk of Ocoee, Florida to facilitate the establishment of a commercial
credit card account, and execute any agreements or documents required by
SunTrust Bank; and.
WHEREAS, the City of Ocoee is authorized and directed to furnish
Sun Trust Bank a copy of this resolution, which resolution shall continue
full force and effect until written notice of modification or revocation of this
resolution has been received by SunTrust Bank and they have had
reasonable time to act on such notice.
NOW THEREFORE, BE IT RESOLVED by the City Commission of
Ocoee, Florida as follows:
1. That SunTrust Bank, as a qualified depository of the City of Ocoee,
Florida, is hereby requested, authorized and directed to establish and
maintain a commercial credit card account in the name of the City of Ocoee,
Florida.
2. That upon adoption by the Ocoee City Commission in open session,
this resolution shall be made a part of the Public Records of City of
Ocoee, Florida and a copy hereof shall be furnished to SunTrust Bank.
3. This Resolution shall take effect on
PASSED AND RESOLVED this _day of
,2007.
APPROVED:
ATTEST:
CITY OF OCOEE, FLORIDA
City Clerk
S. Scott Vandergrift, Mayor
DATE:
(SEAL)
FOR USE AND RELIANCE ONLY BY
THE CITY OF OCOEE, FLORIDA
APPROVED AS TO FORM AND LEGALITY
this ^~-+'aay of .J vt1~ ,2007.
APPROVED BY THE OCOEE CITY
COMMISSION AT A MEETING HELD
ON June Sth 2007
UNDER AGENDA ITEM NO. E-S.
FOLEY & LARDNER, LLP
By: ~~
As;s ,sJ.."J-. City Attorney