Laserfiche WebLink
". <br /> � ��,,�`�'*�'yx� V�� o� O�RONO <br /> ��r;:.} � � � <br /> 4wy�h <br /> rt y��k!. <br />' � �'��`� RESOLUTION OF THE CITY COUNCIL <br /> ' � �1���;� N O. 210 6 <br /> ,:� <br /> • - • ' ,� < <br /> ,:e;. ;. <br /> . , A RESOLQTION TO DESIGNATE CITY OFFICIALS AUTHORIZED <br /> TO APPROVE COLLATERAL TRANSACTIONS <br /> � <br /> 6�HEREAS, Minnesota Statutes Sec. 118.01 requires, in its <br /> various subdivisions, approval of collateral and collateral <br /> transactions by the City Council or its designee; and <br /> WHEREAS, the Orono City Council has not heretofore <br /> officially delegated this responsibility nor have they approved <br /> : collateral transactions, as noted by the City's Auditors in the <br /> Minnesota Legal Compliance Audit for the year ended December 31, <br /> 7.985. <br /> NOW, THI:RSFORE BE IT RESOLVED, by the City Counci 1 of <br /> the City of Orono , Minnesota that the City Finance <br /> • Director/Treasurer is hereby authorized to act on the City's <br /> behalf to approve collateral and collateral transactions for <br /> deposits of City funds; and that the Deputy City Treasurer , or <br /> the City Administrator , is hereby authorized to approve <br /> collateral and collateral trarisactions in the absence of the City <br /> Finance Director/Treasurer. � � - <br /> Adopted by the Ci�ty Counci l of -the City of Orono, <br /> Minnesota at a regular meeting held December 8, 1986. <br /> 4 <br /> . Mary . ut r, Ma or <br /> ATT T: <br /> C�e� , <br /> . Do othy M. allin, City Clerk � <br /> • <br /> , � <br />