HomeMy WebLinkAbout1980-003 HRARMember Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 80-3
RESOLUTION DESIGNATING THE HOME FEDERAL SAVINGS
AND LOAN ASSOCIATION A DEPOSITORY OF HRA FUNDS
BE IT RESOLVED by the Housing and Redevelopment Authority of
Brooklyn Center, Minnesota (HRA) that the Home Federal Savings and Loan
Association 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.
January 7, 1980
Date Chairman
The motion for the adoption of the foregoing resolution was duly seconded
by member Gene Lhotka 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.