19-02 - 01-15 - Designating Depositories for HRA Funds RESOLUTION NO. 19-02
RESOLUTION DESIGNATING DEPOSITORIES FOR HRA FUNDS
BE IT RESOLVED by the Housing and Redevelopment Authority (HRA) 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
Stiffel Companies
RBC-Dain Rauscher
US Bank
Wells Fargo
4M Fund
BE IT FURTHER RESOLVED that the following signatories or alternates are
authorized to be signatories on checks drawn on funds deposited to the general checking
account: the HRA Chair or Vice Chair and the HRA Director or Assistant Director; and that
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 City: HRA
Director, City Finance Director/Treasurer, City's Accounting Coordinator.
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 depository and the authorizations set forth under 1 and 2 above.
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Larry Fonne t, Chair
ATTEST:
Timothy J. Cruikshank, Executive Director