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Res 89-89 RESOLUTION NO. 89-89 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 LOCAL GOVERNMENT'S LOCAL OPTION GAS TAX WARRANT; AUTHORIZING THE BANK SO DESIGNATED TO WIRE TRANSFER SAID LOCAL OPTION GAS TAX 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 WIRE TRANSFER FROM THE AMOUNT RECEIVED FOR TRANSFER. WHEREAS, the Florida Department of Revenue has adopted Chapter 12-10.09, Wire Deposit of Local Option Gas Tax Funds in the Rules of the Department of Revenue, State of Florida, and WHEREAS, it is in the best interest of the City of Delray Beach, Florida to receive the Local Option Gas Tax funds be wire 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 Local Option Gas Tax state warrant. SECTION 2. That the bank so designated is authorized to wire transfer said Local Option Gas Tax funds to a bank designated by the City of Delray Beach, Florida to receive such funds. SECTION 3. That the bank designated by the Florida Department of Revenue is authorized to deduct the cost of wire 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 this ~day of i~Q_V_~, 1989. CITY OF DELRAY BEACH, FLORIDA ATTEST: ~~ Mayor City Clerk