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Town council adopts resolution updating bank signatories and two-signature requirement
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Summary
The Town of Lake Placid adopted Resolution 2026-10 to rescind prior check-signing authorizations, designate the mayor and town administrator as primary signatories, require two signatures on negotiable instruments, and allow the vice mayor to be added upon appointment.
The Lake Placid Town Council on April 20 adopted Resolution 2026-10 to update the town’s banking authorization, rescind prior signatory designations and establish a two-signature requirement for checks and other negotiable instruments.
Town Administrator Charlotte Rodriguez outlined the resolution, saying it rescinds prior signatory designations — naming former officials who will be removed — and designates the mayor and town administrator as primary signatories with the director of finance and vice mayor as alternates. The resolution also directs the town clerk to deliver certified copies to depository institutions and remove prior signatories from town signature cards.
Charlotte said the change is part of a broader review of internal controls under section 218.33 of the Florida statutes and that a supplemental resolution addressing cash management, wire transfer and loan authorities would follow after the town’s review is complete.
Council moved to adopt the resolution; the clerk called the roll and recorded affirmative votes, and the resolution passed. The council’s action immediately updates authorized signatories and implements a two-signature control intended to strengthen segregation of duties.
The council asked staff to return with any supplemental policies required to implement the new controls.
