01-12-10 HRA Agenda Packet
Resolution 10-01 January 12, 2010
Commissioner introduced the following resolution and moved its adoption:
RESOLUTION OF THE HOUSING AND REDEVELOPMENT
AUTHORITY (HRA)
ADOPTING THE 2010 GENERAL FUND BUDGET
BE IT RESOLVED by the HRA that the appropriations for the General
Fund Program for the calendar year 2010 as follows:
GENERAL FUND
Expenditures
Legal Services
Audit Services
Permanent Transfer
Miscellaneous
Proposed
Budget
$6,000
12,000
140,000
1,000
$159,000
BE IT FURTHER RESOLVED by the HRA that the sources of
financing the sums appropriated shall be:
GENERAL FUND
Revenue
Golden Hills - Tax Increment fund
159,000
$159.000
Paula Pentel, Chair
ATTEST:
Thomas D. Burt, Executive Director
The motion for the foregoing resolution was seconded , and upon a roll call
vote being taken thereon, the following voted in favor thereof: , ,
, and ; the following voted against the same: none;
whereupon said resolution was adopted, signed by the Chair and her signature attested by
the Director
Resolution 10-02
January 12, 2010
Commissioner introduced the following and moved its adoption:
RESOLUTION DESIGNATING DEPOSITORIES FOR HRA 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
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 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.
Paula Pentel, Chair
ATTEST:
Thomas D. Burt, Director
Motion for the adoption of the foregoing resolution was seconded by ; and upon
a vote taken thereon, the following voted in favor thereof: ; and the following
voted against the same: ,whereupon said resolution was declared duly passed
and adopted, signed by the Chair and his signature attested by the Director.