99-04 HRA Resolution
Resolution 99-4
April 13, 1999
Commissioner Micks 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 Rauscher
Piper Jaffray
Shearson Lehman Hutton
Norwest Bank
BE IT FURTHER RESOLVED that the following signatories or alternates
are authorized to be signatories on checks drawn on funds deposited:
General Checking:
HRA Chair or Vice Chair
and
HRA Director or Assistant HRA 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 principle
of said investments in the above named depositories as necessary and beneficial
to the HRA: HRA Director, Assistant HRA Director, Finance Director, Assistant
Finance Director.
The HRA Director and Finance Director are authorized and directed to
furnish 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.
.
The motion the adoption of the foregoing resolution was seconded by
Commission r Bakken; and upon a vote being taken thereon, the following voted
in favor thereof; Anderson, Bakken, Johnson, LeSuer and Micks; the following
voted against the same: none; whereupon said resolution was declared duly
passed and adopted, signed by the Chair and her signature attested by the
Director.