HomeMy WebLinkAbout2021-01RESOLUTION NO. 2021.01
A resolution of the City Council for the City of Columbia Heights, Minnesota, designating officia! depositories
for the City of Columbia Heights.
Now, therefore, in accordance with all ordinances and regulations of the City of Columbia Heights, the City
Counci! of the City of Columbia Heights makes the following:
ORDER OF COUNCIL
lT IS HEREBY RESOLVED, that Northeast Bank, U.S. Bank and Wells Fargo Bank of Minnesota, N.A., are hereby
designated as depositories of the funds of this corporation.
lT lS FURTHER RESOLVED, that checks, drafts, or other withdrawa! orders issued against the funds of this
corporation on deposit with said banks shall be signed by the following:
Mayor
City Manager
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 !T FURTHER RESOLVED, that Northeast Bank, U.S. Bank and Wells Fargo Bank of Minnesota, N.A. 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
Finance Director
and that Northeast Bank, U.S. Bank and Wells Fargo Bank of Minnesota, N.A. 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 Finance Director or
other officer of his corporation.
BE !T FURTHER RESOLVED, that the Finance Director or their designee sha!! be authorized to make electronic
funds transfers in lieu of issuing paper checks, subject to the controls required by Minnesota Statute 47t.38
and by the City of Columbia Heights' financial policies.
BE lT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the City Counci! 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 2021-01 Page 2
BE lT 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 allthings ratified, approved and confirmed.
BE !T 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 lT 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 11th day of January, 2O2L
Offered by:
Seconded by:
Roll Call:
Mu rzyn, Jr
Jacobs
All Ayes
I
M ez a,r
Attest:
Mfu
Nicole Tingley, Citytl. r(lCouncil Secretary