HomeMy WebLinkAbout1982-028 CCR Member Gene Lhotka introduced the following resolution and
moved its adoption:
RESOLUTION NO. 82 -28
RESOLUTION DESIGNATING THE SUMMIT STATE BANK A DEPOSITORY
OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center that
the Summit State Bank 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.
February 8, 1982
Date Mayor
ATTEST:
(rk
The motion for the adoption of the foregoing resolution was duly seconded by
member Celia Scott and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.