HomeMy WebLinkAbout1982-004 CCR Member Celia Scott introduced the following resolution and
moved its adoption:
RESOLUTION NO. 8 -04
RESOLUTION DESIGNATING THE FIRST NATIONAL BANK OF
MINNEAPOLIS A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center
that the First National Bank of Minneapolis be and is hereby designated as
a depository for the funds of the City of Brooklyn Center, Minnesota. The
City Treasurer is authorized to deposit City funds therein to the extent that
repayment is guaranteed by the Federal Deposit Insurance Corporation and such
additional funds not to exceed the amount of 90% of collateral pledged to the
City and approved by the City Council by said bank.
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 bank 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.
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ATTEST: if r.
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The motion for the adoption of the foregoing resolution was duly seconded by
member Gene Lhotka and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Bill Hawes, Gene Lhotka, Celia Scott,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.