2023-541
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: June 26, 2023 RESOLUTION NO: 2023-54
MOTION BY: McDonald SECONDED BY: Kimber
RESOLUTION DESIGNATING AUTHORITY FOR INVESTMENT AND BANKING
TRANSACTIONS AND AUTHORIZED SIGNERS ON ACCOUNTS
WHEREAS, in the course of the City of Chanhassen’s (“City”) business, it establishes
relationships with various banks and brokers for purposes including, but not limited to,
depository of City funds, paying vendors and employees, and making bonds payments; and
WHEREAS, banks and brokers with whom the City does business normally require a
City resolution designating which City officials are authorized to open bank and investment
accounts and to execute checks and other orders for payments of City funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Chanhassen, Minnesota, as follows:
1. As used in this Resolution, the term “Bank” shall mean any financial institution with
whom the City has an established banking relationship.
2. That checks, drafts, or other orders for the payment, transfer, or withdrawal of any of the
funds or other property of the City on deposit with a Bank shall be binding on the City
when signed, manually or by use of a facsimile or mechanical signature or otherwise
authorized, by any one of the individuals listed below as Authorized Signers, and the Bank
is hereby authorized to pay and charge to the account of the City any such checks, drafts,
or other orders so signed or otherwise authorized, including those payable to the individual
order of the same person or persons signing or otherwise authorizing the same and
including also those payable to the Bank or to any other person for application or which
are actually applied to the payment of any such indebtedness owing the Bank from the
person or persons who signed such checks, drafts, or other withdrawal orders or otherwise
authorized such withdrawals. In particular, and not in limitation of foregoing, such persons
may authorize payment, transfer, or withdrawal by oral or telephonic directions to the Bank
complying with such rules and regulations relating to such authorization as the Bank may
communicate to the City from time to time.
3. That the holders of the following positions with the City are authorized to sign or act on
behalf of the City:
Position Currently Held By
Mayor Elise Ryan
City Manager Laurie Hokkanen
Finance Director Kelly Grinnell
Assistant Finance Director Danielle Washburn
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4. Changes to bank accounts, including opening and closing accounts, require signatures from
two of any of the above.
5. Two signatures are required on checks. Facsimile signatures are allowed for computer-
generated checks.
6. Certain accounts payable and payroll payments are made via EFT. The Chanhassen City
Council adopted Resolution 2023-01 on January 9, 2023, to delegate authority for such
transactions.
7. The following staff are authorized to make investment transactions:
Position Currently Held By
Finance Director Kelly Grinnell
Assistant Finance Director Danielle Washburn
8. That this Resolution shall continue in force until express written notice of its rescission or
modification has been furnished to and received by a Bank.
PASSED AND ADOPTED by the Chanhassen City Council on this 26th day of June 2023.
ATTEST:
Kim Meuwissen, City Clerk Elise Ryan, Mayor
YES NO ABSENT
Ryan
McDonald
Schubert
Mark von Oven
Josh Kimber
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