HomeMy WebLinkAboutResolution 24-31 Amending Signers ToW Insurance Trust AccountTOWN OF WESTLAKE
RESOLUTION NO.24-31
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS,
AMENDING THE AUTHORIZED SIGNERS ON THE TOWN OF WESTLAKE
INSURANCE TRUST ACCOUNT WITH FIRST FINANCIAL BANK, AND APPOINTING
TRUSTEES FOR THE TOWN OF WESTLAKE
WHEREAS, authorized signers of the Town of Westlake's depository accounts may
require amendments at certain times due to changes in structure and/or personnel; and
WHEREAS, the Town's Insurance Trust account is required for payment of health
insurance premiums when government sales tax exemption is claimed, per Texas Insurance Code
§ 222.002; and
WHEREAS, signers on the Town's Insurance accounts have previously included the
Mayor, Town Manager or designee, and the Director of Finance;
WHEREAS, due to the current need to change authorized signers on the Town's bank
accounts, it is necessary to change the authorized signers on the Town's Insurance Trust account;
and
WHEREAS, the Town Council finds that the passage of this Resolution is in the best
interest of the citizens of Westlake.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF WESTLAKE, TEXAS:
SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and
correct and are incorporated herein by reference as if copied in their entirety.
SECTION 2: That the Town of Westlake Council hereby designates Kim Greaves, Wade
Carroll, and Cayce Lay Lamas as authorized signers and Trustees for the Town of Westlake
Insurance Trust Account with First Financial Bank.
SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid
by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions
hereof and the Council hereby determines that it would have adopted this Resolution without the
invalid provision.
Resolution 24-31
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SECTION 4: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 20Tn DAY OF MAY 2024.
ATTEST:
Dianna Buchanan, Interim Town Secretary
APPROVE AS TO FORM:
L. S ton edw6r, Town Attorney
Kim �Cn'aVor
Resolution 24-31
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