I-3 - Resolution 2024-009 - Authorizing the Consolidation of Bank Accounts

RESOLUTION NO. 2024-009 A RESOLUTION AUTHORIZING THE CONSOLIDATION OF BANK ACCOUNTS Whereas, the City has an escrow account at Solon State Bank; and, Whereas, to fully utilize and access this account, the best use of it would be to consolidate the accounts to the existing City bank account at Solon State Bank for the use of capital projects, Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa to approve the consolidating of bank accounts at Solon State Bank. On the 20th day of February, 2024, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson _____ introduced RESOLUTION NO. 2024-009, A RESOLUTION AUTHORIZING THE CONSOLIDATION OF BANK ACCOUNTS and made a motion for approval. Motion seconded by Councilperson _____. Ayes: Nays: Absent: Whereupon _____ Council members were present and voted approval and Mayor Kasparek declared that the RESOLUTION NO. 2024-009, A RESOLUTION AUTHORIZING THE CONSOLIDATION OF BANK ACCOUNTS to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 20th day of February, 2024. City of Tiffin ____________________________ Tim Kasparek, Mayor ATTEST: ________________________________ Abigail Hora, City Clerk