3u. Approval of Authorized Signatures on the City's Account with the State Bank of Chanhassen.1
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Memorandum
TO:
FROM:
DATE:
SUBJ:
CITY OF 3
CHANHASSEN
690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937 -1900 • FAX (612) 937 -5739 ma Admtntstrator
_t p4t1� _
Wa -
so Submitted to Commissiat
Don Ashworth, City Manager petc submitted to Counrii
Pam Snell, Finance Director,��
June 6, 1995
Approval of Authorized Signatures on State Bank of Chanhassen Account
Recommend approval of the persons named below as authorized signatures on the City of Chanhassen's
account with State Bank of Chanhassen.
J. Chmiel, Mayor
hworth, City Manager
Snell, Finance Director
:h Eidam, Deputy Treasurer
The following internal controls are in place to prevent unauthorized payments. All computer generated
accounts payable and payroll checks are signed by the check signature machine. Three keys are needed for
operation of the machine. Two of the keys and the signature plates are in Betty's possession. I am in
possession of the other key needed to operate the machine. Manual checks are kept to minimum.
However, when the occasion arises, these checks must be hand - signed by two of the above authorized
signatures. As a°last line of control, the bank verifies for two authorized signatures when processing the
check for payment: Additional accounting controls, not identified in this memorandum, are also in place to
prevent unauthorized payments.
STATE BANK OF CHANHASSEN
600 WEST 78TH STREET
CHANHASSEN
612- 937 -2265
690 COULTIER DRIVE
(Address)
ruenlu ACecNr neni cco,�
A I, corporation
Federal Em in business
MINNESOTA
organized under the laws of 1. C f � ��c.�.�+d
under the trade name o f CITY OF CHANHASSEN
, and that ...,. ° ° ..,,,cam. wNy u1 oubuwuuns aaoptea at a meeting of
the Board of Directors of this corporation duly and properly called and held on
resolutions appear in the minutes of this meeting and have not been rescinded or modified.
B. Be it resolved that,
. These
(1) The Financial Institution named above is designated as a depository for the funds of this corporation.
(2) This resolution shall continue to have effect until express written notice of its rescission or modification has been received and recorded by
this Financial Institution.
(3) All transactions, if any, with respect to any deposits, withdrawals, rediscounts and borrowings by or on behalf of this corporation with this
Financial Institution prior to the adoption of this resolution are hereby ratified, approved and confirmed.
(4) Any of the persons named below, so long as they act in a representative capacity as agents of this corporation, are authorized to make any
and all other contracts, agreements, stipulations and orders which they may deem advisable for the effective exercise of the powers indicated
below, from time to time with this Financial Institution, concerning funds deposited in this Financial Institution, moneys borrowed from this
Financial Institution or any other business transacted by and between this corporation and this Financial Institution subject to any restrictions
stated below.
(5) Any and all prior resolutions adopted by the Board of Directors of this corporation and certified to this Financial Institution as governing the
operation of this corporation's account(s), are in full force and effect, unless supplemented or modified by this authorization.
(6) This corporation agrees to the terms and conditions of any account agreement, properly opened by any authorized representatives) of this
corporation, and authorizes the Financial Institution named above, at any - ` ^• ^4 this corporation for all checks, drafts, or other orders,
for the payment of money, that are drawn on this Financial Institution, n I -- - ••Knt means the facsimile signature(s) may
have been affixed so long as they resemble the facsimile signature sl srCj({l �) �`t r ,necimens that this
corporation files with this Financial Institution from time to time) and cor r J
C. If indicated, any person listed below (subject to any expressed restri(
Name and Title I ignature
:d)
(A) DONALD J. CHMIEL, MAYOR
(B) DON ASHWORTH, CITY MANAGER
(C) E LIZABETH EIDAM, DE T
(D) PAMELA SNELL, FINANCE DIRECTOR
Indicate A, B, C and /or D
A,B,C,D
(1) Exercise all of the powers listed in (2) through (6).
(2) Open any deposit or checking account(s) in the name of this corporation.
(3) Endorse checks and orders for the payment of money and withdraw funds on deposit with this Financial Institution.
Number of authorized signatures required for this purpose 1
(4) Borrow money on behalf and in the name of this corporation, sign, execute and deliver promissory notes or other
evidences of indebtedness.
Number of authorized signatures required for this purpose
(5) Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks, bonds,
real estate or other property now owned or hereafter owned or acquired by this corporation as security for sums
borrowed, and to discount the same, unconditionally guarantee payment of all bills received, negotiated or
discounted and to waive demand, presentment, protest, notice of protest and notice of non - payment.
Number of authorized signatures required for this purpose
(6) Enter into written lease for the purpose of renting and maintaining a Safe Deposit Box in this Financial Institution.
Number of authorized persons required to gain access and to terminate the lease
D. I further certify that the Board of Directors of this corporation has, and at the time of adoption of this resolution had, full power and lawful
authority to adopt the foregoing resolutions and to confer the powers granted to the persons named who have full power and lawful authority to
exercise the same.
In Witness Whereof, I have hereunto subscribed my name and affixed the seal of this corporation on
IMPRINT
SEAL
HERE
N r C 0)t.Nr 51y,
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Attest by One Other Officer
01985 BANKERS SYSTEMS, INC., ST. CLOUD, MN 56301 (1- 800 - 397 -2341) FORM CA -1 12129/89
CORPORATE AUTHORIZATION RESOLUTION
By. CITY OF CHANHASSEN
(Corporation)
Secretary
(page 1 of 1) 1
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CITY OF .
4 Y
CHANHASSEN
690 COULTER DRIVE • P.O. BOX 147 0 CHANHASSEN, MINNESOTA 55317
(612) 937 -1900 • FAX (612) 937 -5739
MEMORANDUM
TO: Don Ashworth, City Manager
FROM: Todd Gerhardt, Assistant City Manager
DATE: June 6, 1995
SUBJ: Public Hearing Regarding Land Sales
Under state statute, the City of Chanhassen
selling land. Based on the private redevelo
below, the city is providing a land write -do
the city must take ownership of the parcel
property back to the developer to meet the
state statutes.
ist hold a public hearing when transferring or
ent agreements with the individuals listed
incentive as part of their developments. Thus,
a short period of time and then transfer the
uirements of land write -down provisions under
1. Lot 1, Block 1, Park One Second Addition (The
2. Lot 2, Block 1, Park One Second Addition (Thc
3. Lot 4, Block 1, Chanhassen Business Center 2n
4. Lot 7, Block 1, Chanhassen Business Center 2n
5. Lot 1, Block 1, Bloomberg Second Addition (B
6. Lot 2, Block 1, Bloomberg Second Addition (N
The city council; Shaul(
hearing after all Comm
of the land back to the
1. Public Hearing Notice
2. Location Map
Press)
Press)
Addition (Power Systems)
Addition (PaulStarr)
►omberg Companies)
tional Lodging)
ve been received. The council should then a
doper as agreed to in the private redevelopm+
d then close the
ove the transfer
agreement.
NOTICE OF PUBLIC HEARING
CHANHASSEN CITY COUNCIL
CITY OF CHANHASSEN
Notice is hereby given that the City of Chanhassen City Council will hold a public hearing on
Monday, June 12, 1995 at 7:30 p.m. The purpose of this hearing is to consider the disposal
of a certain tracts of land to wit:
Lot 1, Block 1, Park One Second Addition
Lot 2, Block 1, Park One Second Addition
Lot 4, Block 1, Chanhassen Business Center 2nd Addition
Lot 7, Block 1, Chanhassen Business Center 2nd Addition
Lot 1, Block 1, Bloomberg Second Addition
Lot 2, Block 1, Bloomberg Second Addition
The hearing is being conducted in accordance with the provisions of Minnesota Statutes
Section 469.029. A plan showing the location of the proposal is available for public review
at City Hall during regular business hours.
All interested persons are invited to attend this public hearing and express their opinions in
regard to this proposal.
Todd Gerhardt
Assistant City Manager
937 -1900 ext. 119
(Publish in the Chanhassen Villager on June 1, 1995)
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