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Council adopts Resolution No. 2024-002, updates CD signatories and online-banking access
Summary
Calvert City Council adopted Resolution No. 2024-002 to change CD signatories, authorize the City Administrator to seek the most favorable local interest rate, and approved view-only online banking access for the mayor and city administrator.
The Calvert City Council adopted Resolution No. 2024-002 at its Oct. 10 special meeting to authorize changes to certificate of deposit signatories and to empower the City Administrator to seek the most favorable interest rate in the local market.
Record entries list proposed signatories for CD number 3100007088 as Allen Wiese, Jason Hoffpauir and Sergio Loya, and proposed signatories for CD number 3100007162 as Bobbie Alford, Jan Walston and Layla Wright. Council Member Grimes moved to accept the proposed signatories and adopt Resolution No. 2024-002; Council Member Allen Wiese seconded and the motion passed unanimously.
Council also approved a separate motion to authorize view-only online banking account access for the Mayor and City Administrator after a motion by Council Member Jan Walston and a second from Council Member Jason Hoffpauir. The minutes indicate administrative follow-up to update signature cards and electronic access; specific banking terms and dollar amounts were not included in the record.
