HomeMy WebLinkAbout1979-002 HRARMember Bill Fignar introduced the following resolution and
moved its adoption:
RESOLUTION NO. 79-2
RESOLUTION DESIGNATING THE MARQUETTE NATIONAL BANK A
DEPOSITORY OF HRA FUNDS
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 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 desig-
nated persons.
BE IT FURTHER RESOLVED that the Executive Director is Gerald G. Splinter
and the City Treasurer is Paul W. Holmlund.
March 26, 1979
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.