HomeMy WebLinkAbout1991-008 EDARCommissioner Celia Scott
resolution and moved its adoption:
EDA RESOLUTION NO: 91 -08
introduced the following
RESOLUTION DESIGNATING DEPOSITORIES OF EDA FUNDS
BE IT RESOLVED by the Economic Development Authority
(EDA) of Brooklyn Center, Minnesota, that the Marquette Bank
Brookdale be and is hereby designated as the depository for the
funds of the Economic Development Authority of Brooklyn Center,
Minnesota.
BE IT FURTHER RESOLVED, that First National Bank of
Omaha be and is hereby designated as the clearinghouse depository
for credit card sales of the Economic Development Authority of
Brooklyn Center, Minnesota.
The treasurer or assistant treasurer is authorized to
deposit EDA funds in the named depositories to the extent that
repayment is guaranteed by the Federal Deposit Insurance
Corporation and such additional funds not to exceed the amount
of 9O% of collateral pledged to the EDA, and approved by the EDA,
by said depository.
BE IT FURTHER RESOLVED that the persons authorized by
I the EDA to act for the EDA in any of its business with the
depository are any persons holding office from time to time as
treasurer and assistant treasurer. All checks drawn upon an
account of the EDA shall be signed by both of the above designated
persons.
BE IT FURTHER RESOLVED that the treasurer is Todd Paulson
and the assistant treasurer is Paul W. Holmlund.
March 25, 1991
Date Todd Paulson, President
The motion for the adoption of the foregoing resolution was duly
seconded by commissioner Dave Rosene and upon vote being taken
thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.