Res 2018-01 Official DepositoriesRESOLUTION NO. 2018 - 01
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR
THE CITY OF FRIDLEY
I, Shelly Peterson, do hereby certify that I am Finance Director -Treasurer of 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 8th day of January, 2018, the following
resolution was passed; that a quorum was present at said meeting; and that said resolution is set
forth in the minutes of meeting and has not been rescinded or modified.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:
Walter T. Wysopal, City Manager
Shelly 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 Bank 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:
Walter T. Wysopal, City Manager
Shelly 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 his corporation.
BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the City Council
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.
Resolution No. 2018 — 01
BE IT FURTHER RESOLVED, that all transactions, if any relating to deposits, withdrawals, re-
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 so 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 employees
are required for withdrawal of City investment funds from savings and loan associations:
Walter T. Wysopal, City Manager
Shelly Peterson, Finance Director -Treasurer
Korinne R. Johnson, 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 Council 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 CITY COUNCIL OF THE CITY OF FRIDLEY THIS
8TH DAY OF JANUARY, 2018.
SCOTT J. LUND - MAYOR
ATTEST:
DEBRA A. SKOGEN - CITY CLERK
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