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Chairman to execute the Purchasing Card Account Agreement <br />with First Union National Bank, as requested in the <br />Memorandum. <br />COPY OF AGREEMENT WILL BE ON FILE <br />IN THE OFFICE OF THE CLERK TO rlii . BOARD <br />WHEN EXECUTED AND RECEIVED <br />RESOLUTION NO. 2000- 008 <br />A RESOLUTION OF INDIAN RIVER COUNTY, <br />AUTHORIZING THE ISSUANCE OF PURCHASE <br />CARDS IN THE NAME OF INDIAN RIVER <br />COUNTY ON ACCOUNT WITH FIRST UNION <br />NATIONAL BANK AND GRANTING AUTHORITY <br />TO THE COUNTY ADMINISTRATOR TO <br />DESIGNATE THE RECIPIENTS OF THE CARDS. <br />WHEREAS, there are occasions when it would be to the advantage of the County to <br />purchase certain goods and services by purchasing card so that the items can be obtained <br />promptly with a proper accounting trail documented by the issuing financial institution; and <br />WHEREAS, Florida law allows counties to issue such cards to certain employees as a <br />mean to improve public efficiency and accountability of public funds; and <br />WHEREAS, Indian River County wishes to authorize participation in a purchasing card <br />plan with First Union National Bank (hereinafter "Bank"); <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS that: <br />1. The Board hereby authorizes the County Administrator or his designee to set up an <br />account in Bank in the name of Indian River County to: <br />a) borrow money and/or obtain or continue credit (with or without security) from <br />Bank, including but not limited to credit extended through the issuance of <br />credit (purchase) cards, upon such terms and conditions and in such amounts <br />as set out in a separate document entitled "First Union Purchasing Card <br />Account Agreement"; <br />b) execute and/or endorse all documents necessary or required by Bank to <br />evidence or consummate the issuance of such purchasing cards; and <br />c) guarantee the obligations of authorized card holders to Bank within the limits <br />of their borrowing authority; <br />2. The County Administrator is designated by the County to authorize issuance of <br />purchasing cards for employees who are determined by the Administrator to require <br />such a card. The authorization shall be in writing. <br />3. Bank shall have the right to extend additional cards to individuals as are named from <br />time to time as being so authorized in any letter form or other written notice from the <br />County Administrator or his designee. <br />February 1, 2000 <br />59 <br />BOOK ilk, FACE <br />