Loading...
HomeMy WebLinkAbout1985-001 CCRMember Celia Scott introduced the following resolution and moved its adoption: RESOLUTION NO. 85 °01 RESOLUTION DESIGNATING DEPOSITORIES OF CITY FUNDS BE IT RESOLVED by the City Council of the City of Brooklyn Center that the First Brookdale State Bank be and is hereby designated as the depository for the funds of the City of Brooklyn Center, Minnesota. BE IT FURTHER RESOLVED that the following named banks are hereby designated additional depositories to be used for investment purposes: First National Bank of Minneapolis F &M Marquette National Bank of Minneapolis Norwest Bank Minneapolis First National Bank of St. Paul American National Bank of St. Paul Fidelity Bank and Trust Company First Western Bank Camden Norwest Bank First Federal Savings Loan Association Midwest Federal Savings Loan Association Twin City Federal Savings Loan Association The City Treasurer is authorized to deposit City funds in the named depositories to the extent that repayment is 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 900 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. January 14, 1985 Da 7 Mayor L ATTEST: S, Clerk Tn- motion for the adoption of the foregoing resolution T-7a:.s duly seconded by member Bill Hawes and upon vote being taken thereon, the following voted in ff_vor thereof: Dean Nyqui.st, Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis; the followinc voted against the same: none, Iaoreupon said resolution w as decicred duly passed and adopted.