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ATTACHMENT A ~ <br />~r <br />For Board Meeting of November 20,1997 <br />MEMO TO: BOARD OF DIRE~TORS <br />FROM: THOMAS A. WOLFGRAM, fs SERVICES MANAGER <br />THRU: R. G. ANDERS WYCKOFF, GENERAL MANAGER <br />SUBJECT: BANKING RESOLUTION #97-27 <br />Issue <br />Shall the board of Directors adopt Banking resolution #97-27 effective November 21, <br />• 1997? <br />Backqround ; <br />As a resuit of the Statesman Joumal artides and the publication of a signed District <br />chedc, the staff believes to protect the District the published account should be dosed. <br />~ ~' Facts and Findinqs <br />1. The statesman Joumal published a copy of a District signed check in the Sunday <br />November 16, 1997 edition. <br />2. After contacting the bank and discussing the matte~, District staff and Bank staff <br />deaded it would be best if the District changes the General operating acoount <br />3. Staff contacted Frst Security Bank of Oregon and found they would offer the best <br />investment option on the acoount balance. <br />4. Resolution #97-27, First Security Bank of Oregon grants the appropriate signature <br />authority. . <br />Action Requested <br />That the Board of Directors adopt banking resolution # 97-27 effective as of <br />November 21.1997. <br />~ <br />23 <br />