HomeMy WebLinkAboutResolution No. 2017-027 Authorizing Investment Agreement SNA,
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RESOLUTION 2017-27
A RESOLUTION AUTHORIZING
INVESTMENT AGREEMENT
BE IT RESOLVED, that Scott H. Neal and/or Kyle Sawyer who is/are Officers 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 Kyle Sawyer is authorized to purchase or sell any and all
securities as authorized by the City of Edina's Investment Policy, 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 March 15, 2017 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 authoriz to obligate the City of Edina
securities transaction.
Whereupon said resolution was declared duly passed and adopted.
Dated this 7th day of March 2017.
Attest:
Debra A. Mangen, City Cl3k 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
March 7, 2017, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ~ I day of , 20 .
City Clerk CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov.952-927-8861 • Fax 952-826-0389