HomeMy WebLinkAboutResolutions - 2006.01.19 - 28141-4
MISCELLANEOUS RESOLUTION 106005 January 19, 2006
BY: Finance Committee, Chuck Moss, Chairperson
RE: TREASURER'S OFFICE — AUTHORIZED DEPOSITORIES FOR PUBLIC FUNDS
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, State of Michigan, P.A. 40 of 1942, as amended, requires the Board of
Commissioners to provide by resolution for the deposit of all public monies coming into the
hands of the County Treasurer; and
WHEREAS, the Board of Commissioners' Miscellaneous Resolutions #6836, #7045,
#7428, #8030, #84150, #89005, #92155, #97246 and #01178 have authorized depositories,
and
WHEREAS, this Miscellaneous Resolution will supersede all of the other Miscellaneous
Resolutions mentioned above; and
WHEREAS, many of the depositories have changed names, merged or combined with
other depositories.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners designates the following named financial institutions as authorized
depositories for public monies held by the County Treasurer:
Clarkston Bank
Charter One Bank
Citizens Banking
Corporation
Citizens First Savings
Bank
Comerica Bank
Community Bank of
Dearborn
Community Central Bank
Crestmark Financial
Corporation
JP Morgan Chase Bank
Michigan
Fidelity Bank of Michigan
Fifth Third Bank
Firstbank — Mt. Pleasant
Flagstar Bank
Franklin Bank NA
Huron Valley Bank
Huntington Bank of
Michigan
Independent Bank
Key Bank
Lasalle Bank
Mercantile Bank
Michigan Heritage Bank
National City Bank
Northern Trust Bank
North Oakland Community
Bank
Oakland Commerce Bank
Oxford Bank Corporation
Peoples State Bank
The Private Bank
Republic Bancorp Inc.
State Bank
TCF Bank of Michigan
Warren Bank
Succeeding banks, as a result of mergers and or acquisitions or resulting from a name change, from
the above list, shall also be deemed as authorized. In addition, any new financial institution that is
formed in the County shall also be deemed as authorized provided that the County Treasurer limits
deposits to FDIC insurance levels.
BE IT FURTHER RESOLVED that the authorized depositories are hereby authorized to honor
all checks, electronic transfers, or other automated instruments for payment of money drawn on the
various accounts when bearing or purporting the actual or facsimile signature or authorization of the
Treasurer of the County of Oakland or his designated deputies.
Chairperson, on behalf of the Finance and Personnel Committee, I move the adoption of the
foregoing resolution.
FINANCE COMMITTEE
e(-1-t.,CA
FINANCE COMMITTEE
Motion carried unanimously on a roll call vote.
os
Resolution #06005 January 19, 2006
Moved by Long supported by Coleman the resolutions on the Consent Agenda, as amended, be adopted
(with accompanying reports being accepted).
AYES: Crawford, Douglas, Gershenson, Gregory, Hatchett, Jamian, KowaII, Long, Melton,
Middleton, Molnar, Moss, Nash, Palmer, Patterson, Potter, Rogers, Scott, Suarez, Wilson,
Woodward, Zack, Bullard, Coleman, Coulter. (25)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions on the Consent Agenda, as amended, were
adopted (with accompanying reports being accepted).
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Ruth Johnson, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and
accurate copy of a resolution adopted by the Oakland County Board of Commissioners on January 19, 2006,
with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at
Pontiac, Michigan this 19th day of January, 2006.
Ci(44 /141e##%1' Ruth dralaaso , County Clerk