HRA Resolution No. 2022-01 Depository
Resolution No. 2022-01
Designating an Official Depository for the Housing & Redevelopment Authority
Whereas, I, Korinne Johnson, do hereby certify that I am the Acting 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
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duly and properly called and held on the 3 day of February 2022, 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minutes of the meeting and has not been rescinded or modified.
Now, therefore, be it resolved that Wells Fargo Bank Minnesota N.A. is hereby designated as a
depository for the funds of this corporation.
Be it 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 the following two individuals:
Walter T. Wysopal, Executive Director
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 the following two individuals:
Walter T. Wysopal, Executive Director
Korinne R. Johnson, Acting 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.
HRA Resolution No. 2022-01 Page 2
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 further resolved that the signatures of the following two named City/HRA employees are
required for withdrawal of Housing & Redevelopment Authority investment funds from savings
and loan associations:
Walter T. Wysopal, Executive Director __________________________________________
Korinne R. Johnson, Acting 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 for the City
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of Fridley this 3 day of February 2022.
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William B. Holm - Chairperson
Attest:
_________________________________________________
Walter T. Wysopal – Executive Director