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File #: 23-0447    Version: 1 Name:
Type: Resolution Status: Approved
File created: 6/28/2023 In control: FPD Board of Commissioners
On agenda: 7/18/2023 Final action: 7/18/2023
Title: PROPOSED RESOLUTION AUTHORIZED SIGNATORIES WHEREAS, the FOREST PRESERVE DISTRICT OF COOK COUNTY (the "Forest Preserves") has authorized various banks as depositories of its accounts; and WHEREAS, from time to time, the Forest Preserves may also seek to open lines of credit or purchase appeal bonds from various insurers, bond companies or other institutions to cover the costs of judgments against the Forest Preserves in the event the Forest Preserves, upon Board approval, decides to appeal such judgments; and WHEREAS, the various banks that serve as depositories of the Forest Preserves' accounts require the manual or facsimile signature of duly elected or appointed Officers of the Forest Preserves for the warrants, checks drafts or other orders on these accounts; and WHEREAS, the various insurers, bond companies and other institutions with whom the Forest Preserves may seek to open a line of credit, or from whom the Forest Preserves may seek to purchase an appeal bond, may require...
Sponsors: TONI PRECKWINKLE (President)
Related files: 23-0378, 14-0438, 23-0298, 24-0054
title
PROPOSED RESOLUTION

AUTHORIZED SIGNATORIES

WHEREAS, the FOREST PRESERVE DISTRICT OF COOK COUNTY (the "Forest Preserves") has authorized various banks as depositories of its accounts; and

WHEREAS, from time to time, the Forest Preserves may also seek to open lines of credit or purchase appeal bonds from various insurers, bond companies or other institutions to cover the costs of judgments against the Forest Preserves in the event the Forest Preserves, upon Board approval, decides to appeal such judgments; and

WHEREAS, the various banks that serve as depositories of the Forest Preserves' accounts require the manual or facsimile signature of duly elected or appointed Officers of the Forest Preserves for the warrants, checks drafts or other orders on these accounts; and

WHEREAS, the various insurers, bond companies and other institutions with whom the Forest Preserves may seek to open a line of credit, or from whom the Forest Preserves may seek to purchase an appeal bond, may require the manual or facsimile signatures of duly elected or appointed Officers of the Forest Preserves in order to allow the Forest Preserves to establish lines of credit or purchase appeals bonds; and

WHEREAS, from time to time, based on changes in Forest Preserves personnel, it is necessary to advise banks, insurers, bond companies and other institutions of changes to the list of elected or appointed Officers of the Forest Preserves who are authorized to sign on behalf of the Forest Preserves in order to allow the Forest Preserves to issue checks, warrants or other orders with respect to Forest Preserves bank accounts; establish lines of credit; or purchase appeals bonds; and

WHEREAS, upon approval, this Resolution shall supersede the prior Resolution, Item No. 23-0298, which was approved by the Forest Preserves Board of Commissioners on April 25, 2023 regarding authorized signatures.

NOW, THEREFORE, BE IT RESOLVED, that the Forest Preserve District of Cook County Board of Comm...

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