Res 88-89 RESOLUTION NO. 88-89
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH,
FLORIDA APPROVING AND AUTHORIZING THE FLORIDA DEPARTMENT OF
REVENUE IN ACCORDANCE WITH RULE 12-10.09 (F.A.C.) TO DESIGNATE A
BANK TO RECEIVE THE REVENUE SHARING STATE WARRANT; AUTHORIZING
THE BANK SO DESIGNATED TO ELECTRONIC FUNDS TRANSFER SAID REVENUE
SHARING FUNDS TO A BANK DESIGNATED BY THE CITY OF DELRAY BEACH,
FLORIDA TO RECEIVE SUCH FUNDS; AND FURTHER TO AUTHORIZE THE BANK
DESIGNATED BY THE FLORIDA DEPARTMENT OF REVENUE TO DEDUCT THE COST
OF THE TRANSFER FROM THE AMOUNT RECEIVED FROM TRANSFER.
WHEREAS, the Florida Department of Revenue has adopted Chapter
12-10.09, Automatic Deposit of Revenue Sharing Funds in the Rules of
Department of Revenue, State of Florida, and
WHEREAS, it is in the best interest of the City of Delray Beach,
Florida to receive the revenue sharing funds by electronic transfer,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, FLORIDA:
SECTION 1. That, in accordance with S.S. 17.075, Florida
Statutes, and Rule 12-10.09, (F.A.C.) the Florida Department of Revenue, is
authorized to designate a bank to receive the revenue sharing state
warrant.
SECTION 2. That the bank so designated is authorized to
electronic transfer said revenue sharing funds to a bank designated by the
City of Delray Beach, Florida to receive such funds.
SECTION 3. That the ba~k designated by the Florida Department of
Revenue is authorized to deduct the cost of the electronic transfer from
the amount received for transfer.
SECTION 4. That this resolution shall take effect immediately
upon its adoption.
PASSED AND ADOPTED in regular session on this2~ day of
Nove~rL~er , 1989.
CITY OF DELRAY BEACH, FLORIDA
ATTEST: ' ~~
Mayor
city C erk