HRA Res 2017-01 Official Depository RESOLUTION NO. 2017-01
RESOLUTION DESIGNATING AN OFFICIAL DEPOSITORY
FOR THE HOUSING & REDEVELOPMENT AUTHORITY
I, Shelly M. Peterson, 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 certify that at a meeting of said corporation duly and
properly called and held on the 2nd day of February 2017 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the meeting and has not been rescinded or modified.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
Shelly M. Peterson, Finance Director-Treasurer
Korinne R. Johnson, 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 of two of the
following individuals:
Walter T. Wysopal, Executive Director
Shelly M. Peterson, Finance Director-Treasurer
Korinne R. Johnson, 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
Resolution No. 2017- 01 Page 2
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.
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
i
Shelly M. Peterson, Finance Director-Treasurer d �-"�
Korinne R. Johnson, Assistant Finance Director A
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 FOR THE CITY OF FRIDLEY THIS 2ND DAY OF FEBRUARY
2017.
PATRICIA G`i EL, ACTING CHAIRPERSON
ATTEST:
WAL R T. Y O'-. —EXECUTIVE DIRECTOR