HomeMy WebLinkAboutEDA Resolution 08-EDA-247EDA RESOLUTION 08-EDA-247
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION AUTHORIZING EXERCISE OF CERTAIN DUTIES
OF TREASURER
IT IS HEREBY RESOLVED by the Board of Commissioners (the "Board") of the
Economic Development Authority of the City of Mounds View, Minnesota (the "EDA") as
follows:
1. Exercise of Certain Duties of Treasurer. The Board hereby appoints and
approves the City of Mounds View Finance Director as the Assistant Treasurer of the EDA.
The Assistant Treasurer shall act as the Treasurer's agent and assistant to perform the
following duties, subject to the Treasurer's and the Board's approval thereof:
(a) The Assistant Treasurer, on behalf of the Treasurer, shall keep regular
books of accounts showing receipts and expenditures and shall renderto the Board,
at least annually (or more often when requested), an account of such transactions
and also of the financial condition of the EDA.
(b) The Assistant Treasurer, on behalf of the Treasurer, shall have the
care and custody of all funds of the EDA and shall deposit the same in such bank or
banks as the City Council has selected as depositories of the City of Mounds View,
Minnesota (the "City") in the name of the EDA or in accounts established in the
name of the City. The Assistant Treasurer, on behalf of the Treasurer, shall
maintain books and records to identify and funds of the EDA held in accounts
established in the name of the City.
(c) The payment or disbursement of funds of the EDA shall be at the
direction of the Board from moneys of the EDA held in accounts of the City as
provided in Clause (b), above. All orders and checks for such payments or
disbursements by the City on behalf of the EDA shall be signed in accordance with
the policies and procedures of the City and shall state the nature of the claim for
which the check is issued.
(d) In accordance with Minnesota Statutes, Section 469.096, Subdivision
6, the Assistant Treasurer, on behalf of the Treasurer, shall give bond to the state
conditioned for the faithful discharge of official duties. The bond provided by the
Assistant Treasurer for the faithful discharge ofhis/her official duties as treasurer of
the City is hereby approved and accepted in satisfaction of Minnesota Statutes,
Section 469.096, Subdivision 6.
Resolution 08-EDA-247
Page 2
2. Financial Statement. In accordance with Minnesota Statutes, Section
469.096, Subdivision 9 and applicable accounting standards and practices, the detailed
financial statement of the EDA shall be included as part of the City's financial statements.
Adopted by the Board of Commissioners on September 22, 2008.
Attest:
'~~.
R b Marty, President
James Ericson, Executive Director
(seal}