HomeMy WebLinkAboutResolution No. 1987-50RESOLUTION NO. 87-50
A RESOLUTION ESTABLISHING OFFICIAL
DEPOSITORIES FOR CITY FUNDS; PROVID-
ING.AN EFFECTIVE DATE.
WHEREAS,Article XVII, Section 8 of the City Code requires
official depositories for City funds be established by
Resolution, and
WHEREAS, the following listed local financial institutions
are all eligible to be official depositories.
NOW, THEREFORE, BE IT RESOLVED, by. the City Council of the
City of Cape Canaveral, Florida, as follows:
SECTION 1. The following banks shall be. considered official
depositories for City funds:
1. First Union National Bank
7800 North Atlantic Avenue
Cape Canaveral, FL 32920
2. First American Bank 6 Trust
82 North Atlantic Avenue
.Cocoa Beach, FL 32931
3. Duval Federal Savings
7510 N. Atlantic Avenue
Cape .Canaveral, FL 32920
4. American Bank
1775 North Atlantic Avenue
Cocoa Beach, FL 32931
5. The Sun Bank
320 West Cocoa Beach Causeway
Cocoa Beach, FL 32931
6. The First
1701 North Atlantic Avenue
Cocoa Beach,FL 32931
7. Barnett Bank of Central Florida N.A.
150 Cocoa Isles Blvd.
Cocoa Beach, FL 32931
8. State Board of Administration
1230 Blountstown Hwy.
Post Office Drawer 5318
Tallahassee, FL 32314
SECTION 2. This Resolution shall in. no way alter the
requirement as to designated depository as required by prior bond
validations.
SECTION 3. The, procedure for disbursement of funds shall,
at all times, be in conformance with the City Code.'
RESOLUTION NO. 87-50
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r► -
MICROFILMED JUNE 89
SECTION 4 . This Resolution shall become effective immediate-
ly upon its adoption.
ADOPTED by the City Council of the City of Cape Canaveral,
Florida, this 15th day of September , 1987 .
0t"- Mayor
I1114 ATTEST:
,/ .Yl NAME YES NO
4,,ti Cr y G .erk HOOG X
KIDD X
LEE X
Approved as to Form:
MARCHETTI Absent
MURPHY X
.
City At or
RESOLUTION NO. 87-50
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