HomeMy WebLinkAboutResolution No. 2006-256
RESOLUTION NO. 2006-256
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES AND
SAFE DEPOSIT ACCESS FOR THE CITY OF COLUMBIA HEIGHTS
IT IS HEREBY RESOLVED, that Northeast Bank, Wells Fargo Bank of Minnesota, N.A., and
u.S. Bank are hereby designated as depositories of 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 banks shall be signed by the following:
Mayor
City Manager
Clerk-Treasurer
and that said banks are 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 the Northeast Bank, Wells Fargo Bank of Minnesota, N.A.,
and U.S. Bank are designated depositories of the corporation be and it 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:
Mayor
City Manager
Clerk- Treasurer
and that Northeast Bank, Wells Fargo Bank of Minnesota, N.A., and U.S. Bank 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 the 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 ofthis 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 this corporation with said banks 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 located in the State of
Minnesota may be used as depositories for investments purposes so long as the investments
comply with authorized investments as set forth in Minnesota Statutes.
BE IT FURTHER RESOLVED, that any brokerage firm located in the State of Minnesota 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.
BE IT FURTHER RESOLVED, that the signatures of anyone of the following named City
employees are required for access to safe deposit boxes:
Finance Director
City Manager
Assistant Finance Director
Information Systems Director
Information Systems Technician
Passed this 11 th day of December 2006
Offered by:
Seconded by:
Roll Call:
Williams
Nawrocki
Ayes: Peterson, Williams, Nawrocki, Diehm, Kelzenberg
Attest:
atricia Muscovitz, CMC
Deputy City Clerk/Council Secre ary