HomeMy WebLinkAbout1976-001 HRARMember Tony Kuefler introduced the following resolution and moved its
adoption:
HRA RESOLUTION NO. 76-1
RESOLUTION DESIGNATING THE BROOKLYN CENTER STATE
BANK A DEPOSITORY OF HRA FUNDS
BE IT RESOLVED by the Housing and Redevelopment Authority of Brooklyn
Center, Minnesota (HRA) that the Brooklyn Center 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 Donald G. Poss
and the City Treasurer is Paul W. Holmlund.
BE IT FURTHER RESOLVED that this designation is effective through
December 31, 1976.
a
Februarv 9, 1976
Date / Chairman
The motion for the adoption of the foregoing resolution was duly seconded by
member Robert Jensen, and upon vote being taken thereon, the following voted
in favor thereof: Philip Cohen, Maurice Britts, Tony Kuefler, Bill Fignar, and
Robert Jensen; and the following voted against the same: none, whereupon said
resolution was declared duly passed and adopted.