R-1408 - 10/14/2014 - FINANCE - Resolutions Supporting Documents ITEM 6.F. 1 I)
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AGENDA ITEM
Regular Board of Trustees Meeting
of
October 14, 2014
SUBJECT: Brokerage Trading Authorization
FROM: Sharon Dangles, Finance Director
BUDGET SOURCE/BUDGET IMPACT: N/A
RECOMMENDED MOTION: Motion to approve the removal of Arthur A. Osten,Jr. for
trading authorization on the Village brokerage account effective October 5,2014 and add
Riccardo F. Ginex effective October 6,2014.
Background/llistorv:
As you are aware, the Village Board contracted with Mr. Art Osten Jr. to serve as Interim Village
Manager which concluded on October 5, 2014. As part of this position he was required for
trading authorization on the Village brokerage account.
Mr. Rick Ginex was appointed by the Village Board on September 9. 2014 as Village Manager
for the Village of Oak Brook and began his duties on October 6, 2014. Part of his duties as
Village Manager requires Mr. Ginex to be authorized on the Village brokerage account for
trading in absence of the Finance Director.We need to pass a motion to remove Mr. An Osten
Jr. as the trading authorization on the Village brokerage account
This does not change the trading authority of the Finance Director.
Recommendation:
The Village Board approves the removal of Arthur A. Osten.Jr. for trading authorization on the
Village brokerage account effective October 5, 2014 and adding Riccardo F. Ginex effective
October 6, 2014.
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