HomeMy WebLinkAbout1976-008 CCR Member Robert Jensen introduced the following resolution and moved its
adoption:
RESOLUTION NO. 76 -8
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 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 :L
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: 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.