HomeMy WebLinkAbout1975-004 CCR Member Maurice Britts introduced the following resolution and moved its
adoption:
RESOLUTION NO. 75 -4
RESOLUTION DESIGNATING THE BROOKLYN CENTER STATE BANK
A DEPOSITORY OF CITY FUNDS
BE IT RESOLVED by the City Council of the City of Brooklyn Center that the
Brooklyn Center 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 Donald G. Poss, and the
City Treasurer is Paul W. Holmlund.
BE IT FURTHER RESOLVED that this designation is effective through
December 31, 1975.
Tanuary 6. 1975
Date Mayor
ATTEST:
Clerk
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: Philip Coh en, 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.