2007 HRA RESOLUTION 07-01
Resolution 07-01
January 9,2007
Commissioner Freiberg introduced the following and moved its adoption:
.
RESOLUTION DESIGNATING DEPOSITORIES FORHRA FUNDS
BE IT RESOLVED by the Housing and Redevelopment Authority 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:
BNC National Bank
Central Bank
Piper Jaffray Companies
RBC-Dain Rauscher
US Bank
Wells Fargo
BE IT FURTHER RESOLVED that the following signatories or alternates
are authorized to be signatories on checks drawn on funds deposited:
1. General Checking:
HRA Chair or Vice Chair and HRA Director or Assistant HRA Director
Each check shall require (two) signatures.
.
2. Internal Deposit Funds:
Money Market Savings Depository - Money market transfers to be
approved by City Treasurer and City's Assistant Finance Director
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 City: HRA Director, City Treasurer, City's Accountant II.
The HRA Director and City Clerk 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 depos. ory and the authorizations
set forth under 1 and 2 above.
A~~~
rhomasD.Burt, iffictor
.
Motion for the adoption of the foregoing resolution was seconded by Loomis; and
upon a vote taken thereon, the following voted in favor thereof: Freiberg, Lopmis,
Pentel, Scanlon and Shaffer; and 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.