R-1366 - 05/13/2014 - FINANCE - Resolutions Supporting Documents �Gti OF Oq,�e90
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AGENDA ITEM
Regular Board of Trustees Meeting
of
May 13, 2013
SUBJECT: Bank Signatories Resolution
FROM: Sharon Dangles, Finance Director
BUDGET SOURCE/BUDGET IMPACT: N/A
RECOMMENDED MOTION: Motion to approve Resolution R-1366, A Resolution
Adding and Removing Various Officers as Signatories on Village Bank Accounts
Background/History:
As you are aware,Village Manager David Niemeyer has resigned his employment with the Village,effective June 2,
2014, and that Arthur Osten, Jr. has been retained to serve as the Interim Village Manager until a new Village
Manager is appointed. This Resolution serves to remove Mr. Niemeyer as a signatory on all affected Village bank
accounts, effective June 2, 2014, and add Mr. Osten as a signatory on all affected Village bank accounts as of the
passage of this Resolution through the term of his employment with the Village. The signatory authority of the
Finance Director will not change.
Recommendation:
That the Board pass Resolution R-1366.
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RESOLUTION 2014-FI-BNKSRV-R-1366
A RESOLUTION ADDING AND REMOVING VARIOUS OFFICERS
AS SIGNATORIES ON VILLAGE BANK ACCOUNTS
WHEREAS, the Village maintains various bank accounts (collectively, "Bank Accounts"); and
WHEREAS, Village Manager, David Niemeyer is an authorized signatory on the Village's Bank
Accounts; and
WHEREAS, the Village Manager has resigned his employment with the Village, effective June 2,
2014; and
WHEREAS, the Village has retained Arthur Osten, Jr. to serve as the Interim Village Manager
until the Village appoints a new Village Manager; and
WHEREAS, Village Board desires to: (i) remove David Niemeyer as a signatory on the Bank
Accounts, effective June 2, 2014; and (2) add Arthur Osten, Jr. as a signatory, effective on the date of
passage of this Resolution; and
WHEREAS, the Village President and Board of Trustees hereby find and determine that it is in
the best interest of the Village to approve this Resolution;
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows:
Section 1: Recitals. The foregoing recitals are incorporated into, and made a part of, this
Resolution as the findings of the Village President and Board of Trustees.
Section 2: Removal of Authority to be Signatory. The President and Board of Trustees
hereby removes and repeals the authority of David Niemeyer to serve as a signatory on the Village's
Bank Accounts, effective June 2, 2014.
Section 3: Authorization to be a Signatory. The President and Board of Trustees hereby
authorize and appoint Arthur Osten, Jr. to serve as a signatory on the Bank Accounts.
Section 4: Execution of Required Documentation. The President, the Village Manager, the
Village Clerk, and the Village's Finance Director are hereby authorized to execute and attest, on behalf of
the Village, all necessary documents to effectuate Sections 2 and 3 of this Resolution.
Section 5: Effective Date. This Resolution shall be in full force and effect upon passage and
approval in the manner provided by law.
[SIGNATURE PAGE FOLLOWS]
Resolution 2014-FI-BNKSRV-R-1366
Bank Account Authorization
Page 2 of 2
APPROVED THIS 13th day of May, 2014.
Gopal G. Lalmalani
Village President
PASSED THIS 13th day of May, 2014.
Ayes:
Nays:
Absent:
ATTEST:
Charlotte K. Pruss
Village Clerk