HRA RES 2013-01 Depository
RESOLUTION NO. HRA 2013 - 01
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY
I, Darin R. Nelson, do hereby certify that I am Finance Director-Treasurer of the Housing and
Redevelopment Authority in and for the City of Fridley, a corporation organized under the laws of
the State of Minnesota. I further certify that at a meeting of said corporation duly and properly
called and held on the 3rd of January, 2013, the following resolution was passed, that a quorum
was present at said meeting, and that said resolution is set forth in the minutes of the meeting and
has not been rescinded or modified.
IT IS HEREBY RESOLVED, that Wells Fargo Bank Minnesota N.A. is hereby designated as a
depository for the funds of this corporation.
IT IS FURTHER RESOLVED, that checks, drafts, or other withdrawal orders issued against the
funds of this corporation on deposit with said bank shall be signed by two of the following:
Darin R. Nelson, Finance Director-Treasurer
Shelly M. Peterson, Assistant Finance Director
And that said bank is hereby fully authorized to pay and charge to the account of this corporation
any checks, drafts, or other withdrawal orders.
BE IT FURTHER RESOLVED, that Wells Fargo Bank Minnesota N.A as a designated
depository of the corporation is hereby requested, authorized, and directed to honor checks, drafts,
or other orders for the payment of money drawn in this corporation’s name, including those drawn
to the individual order of any person or persons whose name or names appear thereon as signer or
signers thereof, when bearing or purporting to bear the facsimile signatures of two of the
following:
Darin R. Nelson, Finance Director-Treasurer
Shelly M. Peterson, Assistant Finance Director
And Wells Fargo Banks shall be entitled to honor and to charge this corporation for all such
checks, drafts, or other orders, regardless of by whom or by what means the facsimile signature or
signatures thereon may have been affixed thereto, if such facsimile signature or signatures
resemble the facsimile specimens duly certified to or filed with Norwest Banks by the City Clerk
or other officer of his corporation.
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Housing
and Redevelopment Authority of the corporation and certified to as governing the operation of
this corporation’s account(s) with it, be and are hereby continued in full force and effect, except as
the same may be supplemented or modified by the foregoing part of this resolution.
BE IT FURTHER RESOLVED, that all transactions, if any relating to deposits, withdrawals, re-
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discounts, and borrowings by or on behalf of this corporation with said bank prior to the adoption
of this resolution be, and the same hereby are, in all things ratified, approved, and confirmed.
BE IT FURTHER RESOLVED, that any bank or savings and loan may be used as depositories
for investment purposes as long as the investments comply with authorized investments as set
forth in Minnesota Statutes.
BE IT FURTHER RESOLVED, that the signatures of two of the following named City/HRA
employees are required for withdrawal of City investment funds from savings and loan
associations:
Darin R. Nelson, Finance Director-Treasurer ___________________________
Shelly M. Peterson, Assistant Finance Director ___________________________
BE IT FURTHER RESOLVED, that any brokerage firm may be used as a vendor for investment
purposes as long as the investments comply with the authorized investments as set forth in
Minnesota Statutes.
I further certify that the Board of this corporation has, and at the time of adoption of said
resolution had, full power and lawful authority to adopt the foregoing resolutions and to confer the
powers therein granted to the persons named who have full power and lawful authority to exercise
the same.
PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 3RD DAY OF
JANUARY, 2013.
_______________________________________
LAWRENCE R. COMMERS, CHAIRPERSON
ATTEST:
_________________________________________
PAUL BOLIN, INTERIM EXECUTIVE DIRECTOR