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HomeMy WebLinkAboutResolution 2012-0011CITY OF WHEAT RIDGE , CO L ORADO RESOLUTION NO .!! Series of 2012 TITLE: A RESOLU TI ON GRANTING AUTHORI TY TO OBTAIN COMMERCIAL PURCHAS ING CARD ACCOUNTS BY AGREEMENT W ITH COMMERCE BANK WHEREAS, the City Council authorizes the City Manager, Administrative Services Director and/or the Purchasing Agent to: A. Establish commercial purchasing card accounts , B . To incur debt, in the form of a line of credit for commercial pu rchasing card use, C . To execute all documents to effectuate this purpose which he/she may deem necessary and proper, includi ng without limitation any application and/or Agreement to open commercial purchasing card accounts ; and WHEREAS, any of the foregoing named agents of the City of Wheat Ridge may from time to time request issuance of commercial purchasing cards to any person in connection with any of the commercial purchasing card accounts ; and WHEREAS , any of the foregoing named agents of the City of Wheat Ridge may from time t o time appoint an Administrator to assist in the administration of the commercial purchasing card program ; and WHEREAS , Commerce Bank is authorized to act upon this reso lution until written notice of revocation is delivered to Commerce Bank, and that the authority hereby granted shall apply with equal force and effect to the successors in the office of the agents named herein . NOW, THEREFOR E, BE IT RESOLVED by the C ity Council of the City of W heat Ridge, Color ado, as follows: A. The City Council authorizes the authority to obtain commercial purchasing card accounts by Agreement with Commerce Bank. DONE AND RESO LVED this 13th day o ATIEST: