Title
Authorizing Certain Board Members to Sign on the Checking Account at Centennial Bank
Summary
Description of Topic: (who, what, where, when, why and how much)
Due to Duane Dickson resigning from the District election of officers needed to take place, which affected the signatories at Centennial Bank.
New signature cards need to be done and Duane's name has to come off of the account(s).
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PUBLIC ATHLETIC AND SPORTS FACILITIES COOPERATIVE DISTRICT OF THE CITY OF FOLEY, ALABAMA (the "Board"),
SECTION 1: Accepts Duane Dickson's resignation and authorizes Centennial Bank to remove his name from the checking account.
SECTION 2: Does hereby authorize the following board members and City employees to be eligible to sign the checking account with the requirement that two signatures are mandatory for checks issued for $5,000 or greater:
Floyd A. Davis, Chairman
G. Keith Newton, Vice Chairman
Charles J. Ebert, III, Secretary/Treasurer
Mark Welytok, Member
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.