City Council Resolution 2000-06RESOLUTION N0.2000-6
Establishing BOI Balance and Statement Reporting Agreement
Depositor/Customer: City of Monticello
Financial Institution: Marquette Bank, N.A. Account No: 7600017
I, the undersigned, the City Administrator of the City of Monticello named above (the
"Customer") HEREBY CERTIFY that the Customer is organized and existing under the laws of
the State of Minnesota, with its principal office at 505 Walnut Street, Suite 1, Monticello, MN
55362.
CUSTOMER'S NAME: The City of Monticello is the complete and correct name of the
Customer.
I FURTHER CERTIFY that at a meeting of the City Council of the Customer duly and regularly
called and held on January 24, 2000, at which a quorum was present and voting, the following
resolutions were adopted:
RESOLVED, that the Finance Department of the City of Monticello is hereby authorized to
execute the BOI Balance and Statement Agreement (the "Agreement") on behalf of the Customer
with Marquette Bank, a bank (the "Bank") providing the Customer with computer access to
information relating to the Customer's accounts held at the Bank and designated by the Customer
and approved by the Bank in the Agreement (the "Account's''), and also allowing the Customer
to electronically initiate internal transfers on said Account(s) in accordance with the terms and
conditions of the Agreement.
FURTHER RESOLVED, that any of the following named officers or employees of the
Customer, whose actual signatures are shown below (the Authorized Signor(s)) are authorized,
on behalf of the Customer, to execute any amendments to the Agreement, to execute such other
agreements and to perform such other acts as they deem necessary to carry out the provisions of
these resolutions and the terms of the Agreement.
AUTHORIZED SIGNORS
Name Wolfstelle Title Citv Admi istrator
Signatur Date ' �S
Name Sue T o eaux Title Bookkee er
Signature Date o? 7 oD
Name Catherine M. Shuman Title Finance Assistant/MIS
Signature Date 17 o
FURTHER RESOLVED, that the authority hereby conferred herein shall remain in full force and
effect until written notice of its revocation shall be received by the Bank at its office.
I FURTHER CERTIFY that the persons named above occupy the positions set opposite their
respective names, that the signatures set forth above are genuine and that the foregoing
resolutions are in frill force and effect and have not been modified in any manner. The Bank
shall be indemnified and held harmless from any loss suffered or any liability incurred by it in
continuing to act in accordance with this resolution.
IN TESTIMONY WHEREOF, I have hereunto set my hand this 24' day of January, 2000.
City Administrat
(Seal)
M or
Extract of Minutes of Meeting
of the City Council of the City of
Monticello, Wright County, Minnesota
Pursuant to due call and notice thereof, a special meeting of the City Council of the City
of Monticello, Minnesota, was duly held in the City Hall in said City on Wednesday, February 2,
2000, commencing at 6:45 o'clock P.M.
The following members were present: Roger Belsaas, Roger Carlson and
Bruce Thielen
and the following were absent: Clint Herbst and Brian Stumpf
The Mayor announced that the next order of business was consideration of the proposals
which had been received for the purchase of the City's $2,015,000 General Obligation
Improvement Bonds, Series 2000A.
The City Administrator presented a tabulation of the proposals that had been received in
the manner specified in the Terms of Proposal for the Bonds. The proposals were as set forth in
Exhibit A attached.
After due consideration of the proposals, Member Thielen
introduced the following resolution and moved its adoption:
SJB-174780vl
MN 190-82
then