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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # J:", I t/ <br /> <br />Meeting Date 9/28/06 <br /> <br />SUBJECT: <br />Bank of New York Custody Agreement <br /> <br />BRIEF SUMMARY: <br /> <br />On July 10, 2006 The Board of Commissioners approved the custody agreement for the <br />County's invested securities and authorized the Deputy County Manager/Finance Director <br />to execute the contract. However three pages were not completed indicating the <br />authorized individuals to manage the account. These pages have been included for <br />approval by the Board authorizing Margaret Selby, Susan Fearrington. and Pamela Dubois <br />to be the authorized individuals to manage the account. <br /> <br />REQUESTED ACTION: (SUfI(I8Sted motion If the Board ltppI'Oves the agonda item as pJ'8sented) <br /> <br />Authorize Margaret Selby, Susan Fearrington, and Pamela Dubois to manage the Bank of <br />New York Account and Authorize Robert W. Carruth, Chair, to certify the authorization of <br />these three individuals as part of the custody agreement. <br /> <br />Attachments l&I Yes 0 No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: <br /> <br />Budget Amendment Required: 0 Yes l&I No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes l&I No <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deterred [] <br />Other [ ] <br /> <br />r-~ 1'1 <br />