HomeMy WebLinkAbout1976-005 CCR Member Bill Fignar introduced the following resolution and moved
its adoption:
RESOLUTION NO. 76 -5
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 payment 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 Donald G. Poss, and
the City Treasurer is Paul W. Holmlund.
BE IT FURTHER RESOLVED that this designation is effective through
December 31, 1976.
January 12, 1976
Date Mayor
ATTEST:
Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Robert Jensen and upon vote being taken thereon, the following
voted in favor thereof: Philip Cohen, Maurice Britts, Tony Kuefler,
Bill Fignar, and Robert Jensen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.