HomeMy WebLinkAboutCity Council Resolutions (R-95-1086)-02/07/1995
RESOLUTION R-95-1086
! A RESOLUTION AUTHORIZING TRANSFER OF FUNDS WITH FIRST NATIONAL BANK
10F GRAPEVIN E
I WHEREAS, From time to time the City of Colleyville (the "City") verbally requests First
National Bank of Grapevine (the "Bank") to transfer funds to other accounts
at the bank of credit to accounts designated by the City, in amounts not to
exceed the collected balance on deposit with the Bank in a manner which
makes it inconvenient or impossible to execute prior written authorization,
instructions, or releases otherwise required by the Bank so that the Bank
must have standing instructions upon which to act pursuant to verbal
requests for the transfer of funds.
Sec. 2:
That the authority conferred herein may be exercised singly by any of such
officers and shall continue in full force and effect until written notice of
revocation shall be received by the Bank.
Mayor Cheryl Feigel ~r
City Manager C. Robert Stripling C Q.~ ~ ~
~
Sec. 3:
That it is hereby officially found and determ ined that the meeting at which
this Resolution is passed a quorum was present and voting and that the
offices referred to in Section 2 are now held by the aforementioned whose
signatures appear after his/her names.
AND IT IS SO RESOLVED.
Passed by a vote of Sayes and-D-nays andQabstentions on this the 7r!day of
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~brlJJ1.rY . 1995.
,
ATTEST:
CITY OF COLLEYVILLE:
J n Harris, CMC
City Secretary
[E]
First National Bank Grapevine, Texas
FUNDS TRANSFER AGREEMENT
Date: February 7, 1995
Commencing upon your acceptance of this agreement, the following procedure8 will apply to the transter of funda from our
account(e) at FNB GRAPEVINE. You are hereby authorized to:
1. Honor, execute, and charge to the account(s) of the undersigned (the Company) without limit as to amount (unl888 80
noted in Auth'.irizaticn for Funds Tr:onsfers attached hereto). any and all teililphonic, oral or written reque8t8
or orders for the transfer of funds when such requests or order8 are received from a person identifying himself or
herself to be an authorized representative of the Company listed on Authorization For Funds Transfers (an" Authorized
Representative"') and are made in compliance with the Banl<'8 Transfer Procedures. You may:
a. Transfer funds from specific Company account(s) with the BanI< to any other 8pecified Company banI< account(s)
whether such account(s) are with the BanI< or another banI<: and
b. Transfer funds from Company account(s) with the BanI< to any account(s) of a third party whether 8uch third party
account(8) are with the BanI< or another bank(8).
2. Transfer funds baaed upon predetermined criteria described in written in8tructlons to the BanI< signed by an Authorized
Repreeentative of the Company. A eet of 8uch instructions is attached as Repetiteve Transfer Agreement which covers
pre-authorized transfers of a repetitive nature (debit and credit parties remain the 8ame: only date and dollar amount are
variable).
3. Act upon all transfer request8 outlined above in a timely manner, and effect the appropriate debit(s) andlor credit(s)
during the normal course of posting the accounts. The BanI< will establish criteria recognition procedures which the
Company will follow. These procedures may be changed at the Banl<'8 discretion and are a8 folloW8:
a. Reverification by the BanI< to the Company will
per ~ttachment A.
be nece8sary for repetitve and nonrepetitive funds transfers
Inconsideration of obligations of the hereunder, we:
1 . Agree to 8UPPIy the Bank any other information the Bank may reasonably request including, but not limited to, money
accounts, account8 to be affected, dates of transfers, supplemental instructions and further evidence of any Authorized
Representative'8 authority to transfer fund8 or to do any other act contemplated under these procedures.
2. Assume full responsibility for all transfers made by the BanI< in good faith and in accordance with these procedures and
agree that the Bank shall be conclusively deemed to have discharged it8 dutie8 to act in good faith and to exercise ordinary
care if it ha8 followed these Tranefer Procedures or if the Company has not followed them, and agree that in no event
shall the BanI< be liable for any consequential or special damages.
3. Agree that the BanI< may change these procedures upon written notice to the Company.
This authority 8hall remain in full force and effect until receipt by you of written revocation.
Submitted:
CITY OF COLLEYVILLE, TEXAS
(Company Namel
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FUNDS TRANSFER AGREEMENT - ATTACHMENT A
A. Reverification by the Bank to the Company is necessary for all repetitive and non-
repetitive transfers. A transfer will not be made unless it is reverified by one of the
employees listed below, who is not the original requestor of the transfer. Employees are
to be contacted in the order listed below.
NAME
TITLE
TELEPHONE #
1. Jan Belcher
Assistant City Manager
577-7589 ext 204
2. Debby Scott
3. C. Robert Stripling
Assistant to the Finance Director
577-7589 ext 210
City Manager
577-7589 ext 202
4. Terry Leake
Finance Director
577-7589 ext 218
CITY OF COLLEYVILLE
FIRST NATIONAL BANK OF GRAPEVINE
BY:
/1 n l '
BY: f:J~. Jjp~?~
Name: ]\ eb e.~~ 1c.l-~+r I~ e.
Name: C. ROBERT STRIPLING
Title: CITY MANAGER
Title: ~ \ \\J f\- f\JCF-:- OFf: \ c.J:::;K
FUNDS TRANSFER AGREEMENT - ATTACHMENT B
A. Employees authorized to transfer funds under the Funds Transfer Agreement are
limited to make wire transfers to the account listing which is provided to the Bank by an
authorized signer on the checking account. This account listing may be added to or
deleted from by the City Manager or an authorized signer on the checking account.
CITY OF COLLEYVILLE
FIRST NATIONAL BANK OF GRAPEVINE
BY:
BY: 1einfLt- k/l/)~
Name: _Kebec.e~ t..e IS 6 e
Name: C. ROBERT STRIPLING
Title: CITY MANAGER
Title: _i=", rJ MUCf::
(J F-F I CE:12-
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city Of
llcg
Texas
February 23, 1995
First National Bank Grapevine
P.O. Box 1000
Grapevine, Tx 76099-1000
Attn: Funds Management
Dear Sir/Madame,
Pursuant the Funds Transfer Agreement - Attachment B between the
City of Colleyville and First National Bank of Grapevine below is
the account listing where authorized employees may wire funds.
1. Texas Commerce Bank, N.A. Dallas ABA# 113000609 BNF:City of
Colleyville General Disbursing Account #37000014019
2.
state Treasury Austin ABA#114900164
Account#440474002 OBI: 22030+1111+000
BNF:Texpool
3. Texas Commerce Bank, N.A. ABA# 113000609 BNF:Sunstar Wire
Clearing Account#00101834167 OBI: (This will be the name of
the City of Colleyville bond issue) Attn: Debt Service
Billing
4. Texas Commerce Bank, N.A., Houston, Tx ABA# 113000609
BNF:Corporate Trust Services Clearing Account#7001207444884
OBI: (This will be the name of the City of Colleyville bond
issue) Attn: Donna Woods
5. Nations Bank of Georgia-Atlanta ABA#061000052 BNF:Corporate
Trust Ops Account: 10116210003680 OBI: (This will be the name
of the City of Colleyville bond issue) Attn: Data Integrity
Unit
6. Frost National Bank ABA#114000093 BNF: Corporate Trust
Department Account:AB390800 OBI: (This will be the name of
the City of Colleyville bond issue) Attn:Tony Shedrock
7. SW Corp FCU (Federal Credit Union) ABA#311990511 BNF:Omni
Federal Credit Union OBI: City of Colleyville Payroll Attn:
Val
P.O. BOX 185 COLLEYVILLE, TEXAS 76034 (817) 281-4044
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Additionally interbank transfers may be made between Account
#0065748 City of Colleyville General Disbursing and Account
#0065821 City of colleyville Payroll Account.
Accounts may only be added to or deleted to this list with written
authorization from an authorized signer on the City of
colleyville's checking accounts.
If you have any questions, please contact me at 577-7575.
Sincerely,
C.~
C. Robert Striplin
City Manager