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HomeMy WebLinkAbout1980-006 HRARMember Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION NO. 80-5 RESOLUTION DESIGNATING THE CAMDEN NORTHWESTERN STATE BANK A DEPOSITORY OF HRA FUNDS BE IT RESOLVED by the Housing and Redevelopment Authority of Brooklyn Center, Minnesota (HRA) that the Camden Northwestern 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. C January 7, 1980 1 Date Chairman 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: 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. Member Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION NO. 80-6 RESOLUTION DESIGNATING THE FIRST NATIONAL BANK OF MINNEAPOLIS A DEPOSITORY OF HRA FUNDS BE IT RESOLVED by the Housing and Redevelopment Authority of Brooklyn Center, Minnesota (HRA) that the First National Bank of Minneapolis 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 900 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 'O~L - Date Chairman 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, Gene Lhotka, and Celia Scott; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.