HomeMy WebLinkAbout4D, 4E, Resolution 2008-046 & 2008-047
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Request for Council
Action
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Prepared By: Sue Iverson
Council Meeting Date: September 8, 2008
Corporate Authorizations
Budgeted Amount:
N/A
Actual Amount:
N/A
Funding Source:
Recommendation:
A motion to adopt Resolution 2008-046, a Resolution Designating Depositories and
Corporate Authorization.
A motion to adopt Resolution 2008-047, a for Transfer of Funds by Telephonic
Instructions.
Supporting Documents:
1. Memorandum from Sue Iverson to City Council, September 3, 2008
2. Resolution 2008-046
3. Resolution 2008-047
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_HIBES
MEMORANDUM
DATE:
September 3, 2008
TO:
Honorable Mayor and City Council y
Sue Iverson, Finance Director/Treasurer ~
Corporate Authorization
FROM:
SUBJECT:
Background:
In the process of checking procedures and authorizations, two resolutions were missed in the
transition period between Michelle Wolfe and Ron Moorse. Attached are the two resolutions
which need to be adopted in order to update all the City records.
Resolution 2008-046, a resolution designating depositories and corporate authorization.
Resolution 2008-047, a resolution for transfer of funds by telephonic instructions.
By adopting these resolutions, we will be removing Michelle Wolfe and adding Ron Moorse.
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION No. 2008-046
RESOLUTION DESIGNATING DEPOSITORIES
AND CORPORATE AUTHORIZATION
BE IT RESOLVED, that U.S. Bank St. Paul, N.A. shall be the official depository for all
funds of the City of Arden Hills for the calendar year 2008; and,
BE IT FURTHER RESOLVED, that the City Treasurer shall from time to time, ascertain
that adequate security as required by the laws of the State of Minnesota, is furnished by such
depository to protect the City's deposited funds against financial loss; and
BE IT FURTHER RESOLVED, that checks of this corporation drawn on U.S. Bank St.
Paul, N. A., hereinafter called the Bank, shall be signed by any of the following officers:
Stanley D. Harpstead, Mayor; Brenda Holden, Mayor Pro Tern;
Ronald J. Moorse, Administrator; Susan Iverson, Finance Director/Treasurer.
BE IT FURTHER RESOLVED, that the City Administrator is authorized to use a signature
stamp at such time as it becomes necessary for Mayor Stan Harpstead.
BE IT FURTHER RESOLVED, that said bank is hereby authorized and directed to honor
and pay any checks so drawn as above set forth, whether or not such checks be payable to the order
of the foregoing persons either in this individual or official capacity or deposited to this individual
credit, and whether or not such signatures are followed by the title or office of the person signing.
8th DAY OF SEPTEMBER, 2008.
Stanley D. Harpstead, Mayor
ATTEST:
Ronald J. Moorse, Administrator
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION No. 2008-047
RESOLUTION FOR TRANSFER OF FUNDS BY TELEPHONIC INSTRUCTIONS
WHEREAS, U.S. Bank S1. Paul, N. A. is the depository in which funds of the City of Arden
Hills may be deposited, and a corporate resolution with respect thereto is presently in effect authorizing the
deposit and withdrawal of funds; and
WHEREAS, the City of Arden Hills desires to add to and supplement said corporate resolution
with the following resolution:
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills,
Minnesota, that anyone of the following persons: Ronald J. Moorse, City Administrator; Susan Iverson,
Finance Director/Treasurer; Stanley D. Harpstead, Mayor, is authorized, on behalf of this corporation, to
give instructions by telephone to the U.S. BANK ST PAUL, N. A., to transfer funds on deposit with the bank:
a. to other accounts of this corporation with the bank; or
b. to other accounts of this corporation with other banks.
2. The bank is authorized to act on such telephonic instructions received by it from anyone who
represents himself to be any of the above-named persons whether or not his voice resembles the
voice of such person.
3. The bank is authorized in its sole discretion to refuse to honor telephone instructions and to insist
upon written instructions signed by anyone of the persons named in paragraph 1 of this resolution.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS
8th DAY OF SEPTEMBER, 2008.
Stanley D. Harpstead, Mayor
ATTEST:
Ronald Moorse, Administrator