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HomeMy WebLinkAboutResolution 93-01RESOLUTION NO. 93-01 ESTABLISHING A CHECKING ACCOUNT FOR THE FLEXIBLE BENEFIT PLAN AND DESIGNATING AUTHORIZED SIGNATORIES WHEREAS: The City Council has authorized the implementation of a flexible benefit plan for eligible City employees; and WHEREAS: Flexible Compensation, Inc. will be administering the flexible benefit plan; NOW, THEREFORE, BE IT RESOLVED by the City of Columbia HeiGhts as follows: That a checking account be established at Northeast State Bank with a minimum balance of $25.00 for administration of the flexible benefit plan. That a minimum of two signatures be required for withdrawals from the checking account. That the following staff positions of Flex Compensation, Inc. are authorized to sign for withdrawals: Benefits Specialist, Staff Accountant and Benefits Administrator. Be subject to the City Manager verifying that there are appropriate safeguards being taken relative to the bonding of Flex Compensation, Inc. BE IT FURTHER RESOLVED that the Mayor, City ManaGer and Treasurer also be authorized to sign for withdrawals. Passed this 25th day of January, 1993. Offered by: Seconded by: Roll call: Nawrocki Ruettimann All ayes ~lne Student, CounCil Secretary Mayor ~Z~onai d J. Mu~z~n, J~.~