HRA Res 2015-01
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 2015 -01
RESOLUTION DESIGNATING AN OFFICIAL DEPOSITORY FOR THE HOUSING &
REDEVELOPMENT AUTHORITY
I, Darin R. Nelson, do hereby certify that I am the Finance Director-Treasurer of the Housing & Redevelopment
Authority in and for the City of Fridley, a corporation organized under the laws of the State of Minnesota. I further
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certify that at a meeting of said corporation duly and properly called and held on the 8 day of January 2015 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the minutes of the meeting and has not been rescinded or modified.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 individuals:
Walter T. Wysopal, Executive Director
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 Banks 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 by two of
the following individuals:
Walter T. Wysopal, Executive Director
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 Wells Fargo Banks by the City Clerk or other officer of this corporation.
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Housing & 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-discounts and
borrowings by or on behalf of the corporation with said bank prior to the adoption of this resolution be, and the
same hereby are, in all things ratified, approved and confirmed.
HRA Res 2015-01 Page 2
BE IT FURTHER RESOLVED, that any bank or savings and loan may be used as depositories for investment
purposes so long as the investments comply with authorized investments as set forth in Minnesota Statutes.
BE IT FURTHE RESOLVED, that the signatures of two of the following named City/HRA employees are required
for withdrawal of Housing & Redevelopment Authority investment funds from savings and loan associations:
Walter T. Wysopal, Executive Director ____________________________
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 so 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 & REDEVELOPMENT AUTHORITY IN AND
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FOR THE CITY OF FRIDLEY THIS 8 DAY OF JANUARY 2015.
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LAWRENCE R. COMMERS, CHAIRPERSON
ATTEST:
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WALTER T. WYSOPAL – EXECUTIVE DIRECTOR