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Peoria council approves public-official bonds, adds treasurer to bank signers and authorizes town depositories
Summary
At the first meeting of the newly seated council the body approved public-official bonds from Callender and Company, authorized banks to honor city checks and added newly elected Treasurer Jim Montelongo as a signer; a related township resolution naming depositories and repealing a 2021 resolution also passed unanimously.
Peoria City Council on May 6, 2025 approved several finance-related housekeeping resolutions: public-official bonds from Callender and Company for specified elected officials, a resolution authorizing city banks to honor checks and adding the newly elected city treasurer as a signer, and a township resolution naming authorized depositories and repealing a prior 2021 resolution.
City Manager Patrick Urick and Finance Director Cratty presented the items as standard first-meeting actions that allow newly elected officials to be bonded and to be added as authorized signers on bank accounts. The finance director said the bank-authority resolution was “just the process that we follow, to direct them to add [the] newly elected treasurer, Jim Montelongo, to our accounts.”
The council approved the public-official bonds from Callender and Company after a motion by Council member Euler and a second by Council member Kelly; the motion passed unanimously. The council then approved the resolution authorizing banks to honor checks and to accept and release securities for safekeeping, moved by Council member Andre Allen and seconded by Council member Gordon Young; that motion also passed unanimously. A related township item — a resolution authorizing a named bank to act as depositories for the Town of the City of Peoria and repealing the resolution adopted on May 4, 2021 — was moved and approved on the floor and recorded as passing unanimously.
Jim Montelongo, the newly elected city treasurer who was sworn in earlier in the meeting, spoke briefly after the oaths and said he plans to “maintain fiscal integrity, modernize systems, and ensure that our financial practices reflect the values of everyone in our city.” The approvals will allow staff and banks to add Montelongo to account signatory lists and for the city’s bonds and depository arrangements to remain current.
No changes to bond coverage levels or bank institutions were recorded in the transcript beyond the administrative approvals; the transcript does not include detailed bond amounts or a line-by-line list of all bank accounts or securities arrangements. All three finance items were presented as procedural steps required at the first meeting of a new council and passed without recorded dissent.
