HomeMy WebLinkAbout1978-001 HRARMember Gene Lhotka introduced the following resolution and
moved its adoption:
HRA RESOLUTION NO. 78-1
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 repay-
ment 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.
February 27, 1978
Da to Cha irmar}~
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, Gene Lhotka,
and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.