HomeMy WebLinkAbout1978-005 HRAR1
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Member Celia Scott introduced the following resolution and
moved its adoption:
HRA RESOLUTION NO. 78-5
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 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
Date Chair
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.