HomeMy WebLinkAboutResolutions - 2008.01.17 - 9456FINANCE COMMITTEE
MISCELLANEOUS RESOLUTION #08 004 January 17, 2008
BY: Finance Committee, Mike Rogers, 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, #01178 and #06005 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:
Bank of Auburn Hills
Bank of Birmingham
Bank of Michigan
Charter One Bank
Chemical Bank
Citizens Banking
Corporation
Citizens First Savings
Bank
Clarkston State Bank
Comerica Bank
Community Central Bank
Crestmark Financial
Corporation
Fidelity Bank of Michigan
Fifth Third Bank
Firstbank — Mt. Pleasant
First Place Bank
Flagstar Bank
Huron Valley Bank
Huntington Bank of
Michigan
Independent Bank
Irwin Union Bank and
Trust
JP Morgan Chase Bank
Michigan
Key Bank
Lasalle Bank
Level One Bank
Mercantile Bank
Michigan Heritage Bank
National City Bank
Northern Trust Bank
Oakland Commerce Bank
Oxford Bank Corporation
Peoples State Bank
The Private Bank
State Bank
TCF National Bank
Warren Bank
Wolverine 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
Motion carried unanimously on a roll call vote with Greimel absent.
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Resolution #08004 January 17, 2008
Moved by Rogers supported by Gershenson the resolutions (with fiscal notes attached) on the Consent
Agenda be adopted (with accompanying reports being accepted).
AYES: Burns, Coleman, Coulter, Crawford, Douglas, Gershenson, Gingell, Gosselin, Gregory,
Greimel, Jacobsen, KowaII, Long, Middleton, Nash, Potter, Potts, Rogers, Scott, Spector,
Woodward, Zack, Bullard. (23)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the Consent
Agenda were adopted (with accompanying reports being accepted).
I HEREBY APPROVE THE FOREGOING RESOLUTION
ACTING PURSUANT TO 1973 PA 139
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 17, 2008,
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 17th day of January, 2008.
I (,
Ruin John4in, County Clerk
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