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TOWNSHIP OF JACKSON
RESOLUTION 240-2025
RESOLUTION OF THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF JACKSON, COUNTY OF OCEAN, STATE OF NEW JERSEY AUTHORIZING THE ESTABLISHMENT OF AN ICS INTRAFI INSURED CASH SWEEP ACCOUNT WITH PROVIDENT BANK
WHEREAS, the Township of Jackson has previously included Provident Bank within its cash management plan; and
WHEREAS, the Township wishes to transfer certain accounts held by the municipality to Provident Bank in order to obtain more favorable interest rates; and
WHEREAS, the Affordable Housing Third Round Account would be the first account to be deposited with Provident Bank; and
WHEREAS, the signers on this account shall be any two (2) of the four (4) individuals identified the Townships cash management plan including the following:
Mayor Michael Reina
Jennifer Kuhn, Council President
Stephanie Marlin, CFO
Lavon Phillips, Business Administrator.
NOW, THEREFORE, BE IT RESOLVED this 8th day of July, 2025 by the Township Council of the Township of Jackson, County of Ocean, State of New Jersey as follows:
The Council hereby authorizes the transfer of the Townships Affordable Housing Third Round bank account to be deposited with Provident Bank.
The Mayor, Township Clerk and such other Township officials as may be deemed necessary are hereby authorized to execute any and all documents necessary to implement the intent of this Resolution as well as a letter of intent with respect to the deposits with Provident Bank.
BE IT FURTHER RESOLVED, that a copy of this Resolution shall be provided to the following:
Michael Reina, Mayor
Jennifer Kuhn, Council President
Stephanie Marlin, CFO
Lavon Phillips, Business Administrator
Provident Bank
DASTI, McGUCKIN,
McNICHOLS, CONNORS,
ANTHONY & BUCKLEY
COUNSELLORS AT LAW
620 W. LACEY ROAD
FORKED RIVER, N.J. 08731
CERTIFICATION
I, BETH-ELLEN GENCARELLI, do hereby certify that the foregoing is a true copy of a resolution adopted by the Governing Body of the Township of Jackson at a meeting held on the 8th day of July, 2025.
Beth-Ellen Gencarelli, CMR
Deputy Clerk, Township of Jackson
Deputy Clerk, Township of Jackson
| Township Council | Motion | Seconded | Ayes | Nays | Abstain | Absent |
|---|---|---|---|---|---|---|
| Councilman Borrelli | X | |||||
| Councilman Bressi | X | |||||
| Councilman Palmeri | X | |||||
| Council Vice President Burnstein | X | X | ||||
| Council President Kuhn | X | X |