HomeMy WebLinkAbout1980-001 CCRMember Gene Lhotka introduced the following resolution
and moved its adoption:
RESOLUTION NO. 80 -1
RESOLUTION DESIGNATING THE CAMDEN NORTHWESTERN
STATE BANK A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center
that the Camden Northwestern 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.
January 7, 1980
Date May
ATTEST:
Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by member Bill Fignar and upon vote being taken thereon, the
following voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar,
Gene Lhotka, and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.