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M 05-12-88TOWN OF LOS GATOS CALIFORNIA TOWN COUNCIL/PARKING AUTHORITY AGENDA MAY 12, 1988 TOWN COUNCIL The Town Council/Parking Authority met in the Council Chambers of the Town Hall at 7:37 a.m., in a special called session. ROLL CALL PRESENT:Joanne Benjamin, Thomas J. Ferrito, Robert H. Hamilton, and Mayor Eric D. Carlson. ABSENT:Brent N. Ventura. Mr. Ventura arrived at the meeting at 7:43 a.m. PLEDGE OF ALLEGIANCE Given by all in attendance. TOWN TREASURER RESIGNATION Mr. Hamilton moved to accept resignation of Town Treasurer, Nogah Bethlahmy, effective midnight May 8, 1988. Mrs. Benjamin seconded with the stipulation that the Town Clerk immediately advertise the vacancy with final filing date of May 27, 1988 and appointment to be made June 6, 1988. Maker of the motion accepted stipulation. Motion carried by vote of four ayes. Mr. Ventura was absent. Mr. Ventura arrived at the meeting at 7:43 a.m.. Mayor Carlson questioned the situation with regards to Deputy Treasurer and their duties or whether they no longer exist once the Treasurer and their duties or whether they no longer exist once the Treasurer is no longer in office. Town Manager stated that once the Treasurer resigns then any deputies under him have no authority or further duties to the Town. This is for clarification of question by the Town Clerk. Deputy Town Treasurer, Mr. Long, had been in the office the following day of the resignation of the Treasurer but made no contact with anyone in the Town offices. Town Manager explained procedures to be followed during 30 day period until an interim Treasurer can be appointed by the Town Council on June 6, 1988. Mr. Ferrito stated because he feels it is extremely important that Town employees and vendors be paid on time and because he believes that Council was warranted in adopting Town Code Section 2.7; he moved to authorize Mayor to sign warrants as indicated in Town Code Section 2-7, and with staff's assistance, to transfer money if necessary in the following priority order: a. Transfer money within accounts in Bank of the West, and if additional transfers are necessary; b. Transfer money from the State Local Agency Investment Account to Bank of the West; and adopt Resolution No. 1988-78 entitled, RESOLUTION AUTHORIZING DEPOSIT OR WITHDRAWAL OF TOWN FUNDS IN THE STATE LOCAL AGENCY INVESTMENT FUND. Mrs. Benjamin seconded. Carried unanimously. Mr. Hamilton stated he normally would vote no on supporting that past policy but under the circumstances he is voting yes. BONDING FOR MAYOR & COUNCIL Town Manager stated, for the record, that Mr. Ventura had inquired as to bonding to cover the Mayor in his duties in signing checks and warrants. The Treasurer had bonds to cover the Treasurer's procedures. The Council also has coverage but staff is in the process of checking this to see if Council's bond is sufficient. INTERIM AUDIT Mr. Ferrito moved to authorize Manager to sign letter of agreement with Pennell, Kerr Forster to conduct interim audit of Town Financial records and authorize supplemental appropriation of $4,500. for cost of audit. Mrs. Benjamin seconded. Carried unanimously. ADJOURNMENT Mayor Carlson declared the meeting adjourned at 7:50 a.m.. ATTEST: Rose E. Aldag Town Clerk