HomeMy WebLinkAbout1993-002 CCR1
1
1
Member
moved its adoption:
Minnesota,
depository
designated
January 11, 1993
Celia Scott
RESOLUTION NO.
93 02
RESOLUTION DESIGNATING DEPOSITORIES OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center,
that Marquette Brookdale Bank be and is hereby designated as the
for the funds of the City of Brooklyn Center, Minnesota.
BE IT FURTHER RESOLVED that the following named banks are hereby
additional depositories to be used for investment purposes:
First National Bank of Minneapolis
Marquette Minneapolis Bank
Norwest Bank Minneapolis
Norwest Bank Brooklyn Center
First National Bank of St. Paul
American National Bank of St. Paul
Camden Norwest Bank
Twin City Federal Savings Loan Association
The city treasurer is authorized to deposit City funds guaranteed by
the Federal Deposit Insurance Corporation or the Federal Savings and Loan
Insurance Corporation and such additional funds not to exceed the amount of 90%
of collateral pledged to the City, and approved by the City, by said depository.
BE IT FURTHER RESOLVED that the persons generally authorized by the
City Charter to act for the City in any of its business with the depository are
any persons holding office from time to time as city manager and city treasurer.
All checks drawn upon an account of the City shall be signed by both of the above
designated persons.
BE IT FURTHER RESOLVED that the city manager is Gerald G. Splinter
and the city treasurer is Paul W. Holmlund.
Date TouuPaulson, Mayor
ATTEST: jl 1J7J 'i r al lAA,B
Deputy Clerk
introduced the following resolution and
The motion for the adoption of the foregoing resolution was duly seconded by
member Dave Rosene and upon vote being taken thereon, the following
voted in favor thereof:
Todd Paulson, Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.