HomeMy WebLinkAbout1978-002 HRARMember Celia Scott introduced the following resolution
and moved its adoption:
HRA RESOLUTION NO. 78-2
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 Redevelop-
ment 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.
February 27, 1978
Date Cha irm
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, Gene Lhotka, and
Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.