RESOLUTION NO. 871
A RESOLUTION OF THE CITY COUNCIL OF UNIVERSITY PLACE, WASHINGTON, CANCELING MUNICIPAL CHECKS NOT PRESENTED FOR PAYMENT WITHIN ONE YEAR
WHEREAS, Check issued by the City of University Place, not presented for payment within (1) year of the date issued are uncashable, such checks shall be canceled by passage of a resolution of the City Council of University Place and, upon notice of the passage of such resolution, the Finance Director of the City of University Place, or his or her designee, shall transfer the funds to a holding account until such time as the funds can be remitted to the Department of Revenue Unclaimed Property Division per their guidelines; and
WHEREAS, the attached Exhibit A lists checks issued, but not presented for payment;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PLACE, WASHINGTON, AS FOLLOWS:
Section 1. Cancellation of Check. The Finance Director, or his or her designee, shall cancel each check listed on Exhibit A and transfer funds to a holding account until such time as the funds can be remitted to the Department of Revenue Unclaimed Property Division per their guidelines.
Section 2. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed.
Section 3. Effective Date. This Resolution shall take effect immediately upon passage by the City Council of University Place.
ADOPTED BY THE CITY COUNCIL ON SEPTEMBER 4, 2018.
Kent Keel, Mayor
Emelita Genetia, City Clerk
APPROVED AS TO FORM:
Matthew S. Kaser, City Attorney