HomeMy WebLinkAbout1980-002 HRARMember Gene Lhotka introduced the following resolution
and moved its adoption:
RESOLUTION NO. 80-2
RESOLUTION DESIGNATING THE MARQUETTE NATIONAL
BANK A DEPOSITORY OF HRA FUNDS
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BE IT RESOLVED by the Housing and Redevelopment Authority of
Brooklyn Center, Minnesota (HRA) that the Marquette National Bank be and
is hereby designated as a depository for the funds of the Housing and
Redevelopment Authority of Brooklyn Center, Minnesota. The Exeuctive
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.
January 7, 1980 .
Date Chai G7
Gene Lhotka, and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
The motion for the adoption of the foregoing resolution was duly seconded
by member Celia Scott , and upon vote being taken thereon, the
following voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar,