Fiscal Note
No appropriation is required.
Title
Authorizing public depositories and naming persons with authority to transfer funds.
Body
DRAFTER'S ANALYSIS: This Resolution is a further step in necessary changes due to the move to a Clerk/Treasurer position. Due to notice and timing issues, items related to public depositories were included in an ordinance change that should be in a resolution. This Resolution, in conjunction with the related Ordinance ID #03086 accomplishes putting the respective provisions in the correct places.
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RESOLVED, the following banks and savings and loan associations: US Bank N.A.; The M&I Affiliated Bank of Madison; Associated Bank, Madison; JP Morgan Chase Bank N.A.; First Bank Milwaukee, Milwaukee, Wisconsin; M&I Marshall and Isley Bank of Milwaukee; AnchorBank fsb, Madison; Home Savings and Loan Association of Madison; Banker's Bank of Wisconsin Madison; North Milwaukee State Bank and Norwest Banks, Wisconsin, N.A.; The Park Bank, Madison; Bank of NY; Deutsche Bank Trust Co Americas of NY; UBS AG Bank of NY; State St Boston Bank & Co of Boston; Chase Manhattan, qualified as public depositories under Chapter 34 of the Wisconsin Statutes, shall be and are hereby designated until further action, as public depositories for all public monies coming into the hands of the Treasurer of the City of Madison, Wisconsin.
RESOLVED, withdrawal or disbursement from any one of the above named depositories shall be by order check or transfer order as provided in sec. 66.0607, Wis. Stats., and in accordance therewith all order checks and transfer orders shall be signed by one of the following persons:
David J. Cieslewicz, Mayor
JoAnn Terasa, Deputy City Treasurer
and shall be honored.
RESOLVED, the Mayor, Clerk or other City officers may execute all documents to carry this resolution into effect.