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~.~