HomeMy WebLinkAbout2019-01RESOLUTION NO. 2019 -001
A resolution of the City Council for the City of Columbia Heights, Minnesota, designating official depositories
for the City of Columbia Heights.
Now, therefore, in accordance with all ordinances and regulations of the City of Columbia Heights, the City
Council of the City of Columbia Heights makes the following:
ORDER OF COUNCIL
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
Treasurer - Finance Director
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 Northeast Bank, Wells Fargo Bank of Minnesota, N.A., and U.S. Bank are
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
Treasurer - Finance Director
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 Treasurer or other
officer of his corporation.
BE IT FURTHER RESOLVED, that the Treasurer - Finance Director or their designee shall be authorized to make
electronic funds transfers in lieu of issuing paper checks, subject to the controls required by Minnesota Statute
471.38 and by the City of Columbia Heights' financial policies.
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.
City of Columbia Heights - Council Resolution 2019 -001
Page 2
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 designated above as a depository, may be used as a depository for
investment purposes, so long as the investments comply with authorized investments as set forth in
Minnesota Statutes 118A.
BE IT FURTHER RESOLVED, that any brokerage firm with offices 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.
Passed this 14th day of January, 2019
Offered by: Williams
Seconded by: Buesgens
Roll Call: All Ayes
r
Donna Schmitt, Mayor
Attest:
Katie Bruno, City Clerk /Council Secretary