RESOLUTION NO. _____________
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ESTERO MUNICIPAL
IMPROVEMENT DISTRICT APPOINTING FINANCE DIRECTOR NATHAN (NATE)
CRUZ TO THE OFFICE OF DISTRICT TREASURER AND AUTHORIZING NATE CRUZ
AND ASSISTSNT FINANCE DIRECTOR, WAQAS HASSAN, AS AUTHORIZED
SIGNATORIES FOR PURPOSES OF OPENING, ADMINISTERING AND CLOSING
ANY AND ALL CASH AND INVESTMENT ACCOUNTS
ESTERO MUNICIPAL IMPROVEMENT DISTRICT
WHEREAS, Edmund Suen separated as the Finance Director and Treasurer and Nate Cruz was hired as Finance Director on January 8, 2025; and WHEREAS, the Finance Director and Treasurer is charged with the responsibility of managing the organization’s cash flow, including but not limited to the following functions: opening and closing accounts, signing checks, ordering withdrawal or transfer of funds, endorsing and depositing checks and other items payable to the organization, executing buy and sell investment transactions, and transacting other administrative business relating to said accounts; and
WHEREAS, the Board of Directors does hereby find that the said functions shall be performed in accordance with the District’s Investment Policy and in accordance with all applicable City/District ordinances; and
WHEREAS, the Board of Directors also desires that any check that is issued requires two authorized signatures.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Estero Municipal Improvement District that the appointment of Edmund Suen as City/District Treasurer is hereby rescinded and the appointment of Nate Cruz to the office of City/District Treasurer is hereby made, confirmed, and approved effective January 21, 2025.
BE IT FURTHER RESOLVED that the Board of Directors of the Estero Municipal Improvement District does hereby authorize the following individuals to be duly authorized signatories/designated account signers to open, administer, and close any and all cash and investment accounts necessary to conduct the financial operations of the District effective January 21, 2025, including but not limited to the Local Agency Investment Fund (LAIF).
Nate Cruz Waqas Hassan
Finance Director/Treasurer Assistant Finance Director
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PASSED AND ADOPTED as a resolution of the Board of Directors of the Estero Municipal Improvement District at the Regular Meeting held on the 21 th day of January, 2025 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
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STACY JIMENEZ, PRESIDENT
ATTEST:
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PRISCILLA SCHAUS, DISTRICT SECRETARY