94-01 HRA Resolutions Log
Resolution 94-1
January 11, 1994
~ Commissioner Russell introduced the following resolution and moved its adoption:
RESOLUTION DESIGNATING DEPOSITORIES FOR HRA FUNDS
BE IT RESOLVED by the Housing and Redevelopment Authority of the City of
Golden Valley that the following are named as depositories for HRA Funds subject
to the furnishing of collateral for funds on deposit as provided in the Laws of
the State of Minnesota:
Marquette Bank Golden Valley
Dain Bosworth
Franklin U.S. Government Securities Fund
Juran & Moody Inc.
Piper, Jaffray & Hopwood Inc.
Shearson Lehman Hutton
Voyageur U.S. Government Securities Fund
AIM Adjustable Rate Government Fund
MFS U.S. Government Securities Fund
Norwest Bank
BE IT FURTHER RESOLVED that the following signatories or alternates are
authorized to be signatories on checks drawn on funds deposited:
e
General Checking:
HRA Chair or Vice Chair
and
HRA Director or Finance Director
Each check shall require (two) signatures.
BE IT FURTHER RESOLVED that the following shall be authorized to make
investments of HRA Funds and shall be authorized to deposit the principal of
said investments in the above named depositories as necessary and beneficial to
the HRA: HRA Director, Finance Director, Assistant Finance Director.
The HRA Director and Finance Director are authorized and directed to fur-
nish each of the depositories with certified copies of this resolution along
with such signature documentation as is required by the depository and the
authorizations set forth above.
~A.~
David A. Thompson, 'hair --
ATTEST:
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Resolution 94-1 (continued)
January 11, 1994
The motion for the adoption of the foregoing resolution was seconded by
Commissioner Johnson; and upon a vote being taken thereon, the following voted
in favor thereof: Johnson, Micks, Russell, Thompson and Tremere; and the
following voted against the same: none, whereupon said resolution was declared
duly passed and adopted, signed by the Chair and his signature attested by the
Director.