HomeMy WebLinkAboutResolution No. 2010-113 Authorizing Investment Agreement o e R RESOLUTION NO. 2010-113
�y A RESOLUTION AUTHORIZING
• ,.,. INVESTMENT AGREEMENT
BE IT RESOLVED, that Scott H. Neal and/or John Wallin who is/are Officer's ofQy-,iV9fEdlna
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 Nove ber 8, 2010 and continue in
full force and effect, until revoked or modified by the Edina City Council a d written notice is received
by the bank, broker or other financial institution, such notice setting forth a solution adopted to effect
said revocation or modification and authorizing the new signatory and or a on authorized to obligate
the City of Edina securities transaction. ;
Whereupon said resolution was declared duly passed and adopte i
Dated this 1st day of Novem4w, 2010.
Attest:
Debra A. Mangen, City CIL ames 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 November 1,2010, 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