HomeMy WebLinkAbout1980-002 CCRMember Bill Fignar introduced the following resolution
and moved its adoption:
RESOLUTION NO. 80 -2
RESOLUTION DESIGNATING THE FIDELITY BANK AND
TRUST COMPANY A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn
Center that the Fidelity Bank and Trust Company 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 Mayor
ATTEST:
Clerk
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, 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.
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