R-1981 - 01/11/2022 - FINANCE - Resolutions ITEM 6.E.4
BOARD OF TRUSTEES MEETING
VILLAGE OF SAMUEL E. DEAN BOARD ROOM
OAK BR , K BUTLER GOVERNMENT CENTER
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS
630-368-5000
AGENDA ITEM
Regular Board of Trustees Meeting
of
January 11, 2022
SUBJECT: Update Village Bank Signers
FROM: Jason Paprocki, Finance Director
J
BUDGET SOURCE/BUDGET IMPACT: N/A
RECOMMENDED MOTION: I move the Village Board approve Resolution 2022-FI-
BNKSRV-SA-R-1981 "A Resolution Adding and Removing Various Officers as Signatories
on Village Bank Accounts".
Background/History-
With the recent appointment of Village Manager Greg Summers, it is necessary to update the
authorized signers on the Village's bank accounts with JP Morgan Chase. Currently,the only
two authorized signers are Police Chief James Kruger and Finance Director Jason Paprocki.
This resolution is to remove Chief Kruger from the authorized signers and add Village
Manager Greg Summers. Mr. Summers will serve as the second signature on all checks over
$20,000.
Recommendation
I recommend the Village Board approve Resolution 2022-FI-BNKSRV-SA-R-1981 "A
s
Resolution Adding and Removing Various Officers as Signatories on Village Bank Accounts".
BOT AGENDA Page 1
•
THE VILLAGE OF OAK BROOK
COOK AND DUPAGE COUNTIES, ILLINOIS
RESOLUTION
2022-F I-B N KS RV-SA-R-1981
A RESOLUTION
ADDING AND REMOVING VARIOUS
OFFICERS AS SIGNATORIES ON
VILLAGE BANK ACCOUNTS
GOPAL G. LALMALANI, Village President
CHARLOTTE K. PRUSS, Village Clerk
LAURENCE HERMAN
MICHAEL MANZO
JAMES NAGLE
A. SURESH REDDY
EDWARD TIESENGA
ASIF YUSUF
Village Board
Published in pamphlet form by authority of the
President and the Board of Trustees of the Village of Oak Brook
on this the 11 th day of January, 2022
Resolution 2022-FI-BNKSRV-SA-R-1981
A Resolution Adding and Removing Various Officers as
Signatories on Village Bank Accounts Page 2 of 3
RESOLUTION 2022-FI-BNKSRV-SA-R-1981
A RESOLUTION ADDING AND REMOVING VARIOUS OFFICERS AS
SIGNATORIES ON VILLAGE BANK ACCOUNTS
WHEREAS, the Village of Oak Brook (the "Village") is a municipal corporation with authority
provided for and granted pursuant to the Illinois Municipal Code to exercise certain powers and perform
certain functions pertaining to its local government and affairs; and
WHEREAS, the Village maintains various bank accounts(collectively, "Bank Accounts'; and
WHEREAS, Police Chief and Interim Village Manager,James Kruger is an authorized signatory on
the Village's Bank Accounts; and
WHEREAS, the Village has appointed Greg Summers as Village Manager effective January 3,
2022; and
WHEREAS, Village Board desires to: (i) remove James Kruger as a signatory on the Bank
Accounts, effective January 11, 2022; and (2) add Greg Summers 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 James Kruger to serve as a signatory on the Village's Bank Accounts,
effective January 11, 2022.
Section 3: Authorization to be a Signatory. The President and Board of Trustees hereby
authorize and appoint Greg Summers 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 2022-FI-BNKSRV-SA-R-1981
A Resolution Adding and Removing Various Officers as
Signatories on Village Bank Accounts Page 3 of 3
APPROVED THIS 1111 day of January, 2022.
Q
Gopal G. Lalmalani
Village President
PASSED THIS 11th day of January, 2022.
Ayes: Trustees Herman, Manzo, Reddy, Tiesenga, Yusuf
Nays: None
Absent: Trustee Nagle
ATTEST:
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Charlotte K. Pruss
o ca Village Clerk
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