HomeMy WebLinkAboutResolution No. 2005-054 Authorizing Investment Agreements -- Finance Dept w9INA
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oe RESOLUTION NO. 2005-54
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A RESOLUTION AUTHORIZING City Of Edifld
INVESTMENT AGREEMENT
BE IT RESOLVED, that Gordon Hughes 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 resolutions shall 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 Edina securities transaction.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
seal of the City of Edina this fifth day of July, 2005, by order of the Edina City Council.
Adopted this 5`h day of July, 2005.
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379
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ATTEST: C
City Clerk 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 5, 2005, and as recorded in the Minutes of said
Regular Meeting.
WITNESS my hand and seal of said City this day of , 20 .
. City Clerk