HomeMy WebLinkAbout1980-003 CCRMember Celia Scott introduced the following resolution
and moved its adoption:
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RESOLUTION NO. 80 -3
RESOLUTION DESIGNATING THE FIRST BROOKDALE STATE
BANK A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn
Center that the First Brockdale 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
ATTEST:
6�2� Clerk
Mayor
The motion for the adoption of the foregoing resolution was duly
seconded by member Tony Kuefler 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.