HomeMy WebLinkAboutResolution No. 2010-060 A Resolution Authorizing Investment Agreement•
RESOLUTION NO. 2010-60
A RESOLUTION AUTHORIZING
INVESTMENT AGREEMENT
City of Fdina
BE IT RESOLVED, that Heather M. Worthington and/or John Wallin who is/are Officer's of the City of Edina,
is/are authorized to enter into agreements or commitments to open, maintain and close accounts with banks,
brokers and other financial institutions with which it does business, and are authorized to sign on individual bank
and broker accounts and such Officers are further authorized to cancel such authority, and
BE IT FURTHER RESOLVED, that John Wallin and/or Eric Roggeman is/are authorized to purchase or sell any
and all securities as authorized by the City of Edina's Investment Policy (as attached), and that the Officer is
authorized on behalf of the City of Edina to sign any necessary documentation: to give written or oral instructions
with respect to said transactions: to obligate the City for the carrying out of any contract, agreement, or
transaction; to pay by check or wire; and to take any and all such actions in the name of and on behalf of said City
that would be considered desirable and necessary with respect to said transaction; and
BE IT FURTHER RESOLVED that the bank, broker or other financial institution may rely upon the actions of
the Officer as the City of Edina representative that any and all securities purchased are legal and authorized
investments under the City's applicable policies and/or statutory requirements. The City of Edina represents that it
will provide these applicable policies and/or statutory requirements, and that it will notify the bank, broker or other
financial institution of any changes made; and
. BE IT FURTHER RESOLVED that the Clerk of the City of Edina is authorized and directed to certify, under the
seal of the City of Edina, to you a true copy of these resolutions and specimen signatures of each and every person
empowered by these resolutions; and
I FURTHER CERTIFY that said resolution shall be effective July 31, 2010 and continue in full force and effect,
until revoked or modified by the Edina City Council and written notice is received by the bank, broker or other
financial institution, such notice setting forth a resolution adopted to effect said revocation or modification and
authorizing the new signatory and/or person authorized to obligate the City of kdina securities transaction.
Whereupon said resolution was declared duly passed and adopted.
Dated this 20th day of July, 2010.
Attest:
Debra A. Mangen, Citi Clerk U James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and foregoing
Resolution was duly adopted by the Edina City Council at its Regular Meeting of July 20, 2010,. and as recorded in the Minutes of
said Regular Meeting.
WITNESS my hand and seal of said City this day of . 20_
City Clerk
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379