HomeMy WebLinkAbout1981-001 HRARMember Gene Lhotka introduced the following resolution and
moved its adoption:
RESOLUTION NO. 81-1
RESOLUTION DESIGNATING THE FIRST BROOKDALE STATE BANK A
DEPOSITORY OF HRA FUNDS
BE IT RESOLVED by the Housing and Redevelopment Authority of Brooklyn
Center, Minnesota (HRA) that the First Brookdale State Bank be and is hereby
designated as a depository for the funds of the Housing and Redevelopment
Authority of Brooklyn Center, Minnesota. The Executive Director is authorized
to deposit HRA 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 HRA and approved by the HRA by
said bank.
BE IT FURTHER RESOLVED that the persons authorized by the HRA to act
for the HRA in any of its business with the bank are any persons holding office
from time to time as Executive Director and City Treasurer. All checks drawn
upon an account of the HRA shall be signed by both of the above designated
persons.
BE IT FURTHER RESOLVED that the Executive Director is Gerald G.
Splinter and the City Treasurer is Paul W. Holmlund.
Januarv 12, 1981 ~yz~ir~
Date ChaAW
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: 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.