HRA RES 1997-01 - 00001029HRA RESOLUTION NO. 1- 1997
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR
THE FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY
IT IS HEREBY RESOLVED that Norwest Bank N.A. and its successors are
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:
Richard D. Pribyl, Finance Director-Treasurer
William W. Burns, Executive Director/City Manager
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 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 HRA investment
funds from savings and loan associations:
Richard D. Pribyl, Finance Director-Treasurer
William W. Burns, Executive Director/City Manager
BE IT FURTHER RESOLVED that any brokerage firm may be used as a
depository for investment purposes so long as the investments comply
with the authorized investments as set forth in Minnesota Statutes.
PASSED AND ADOPTED BY THE HOUSING & REDEVELOPMENT AUTHORITY OF THE
CITY OF FRIDLEY THIS 9TH DAY OF JANUARY, 1997.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR