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.