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RESOLUTION 2008-04
 (Designating Authorized Officials to Sign on Bank Accounts)

BE IT RESOLVED that Columbia River Banking Company, Hood River Branch; and U.S. Bank, Hood River Branch; and Key Bank, Hood River Branch; be and hereby designated as the banks and depository for the funds of the City of Hood River.  These funds may be withdrawn as checks, drafts, receipts or advice of debit given or signed in the corporate name in the same manner as stated below:
   

BANK AND FUND NAME  SIGNATURES REQUIRED
       
I.  COLUMBIA RIVER BANKING COMPANY
    Account Name -

A. City of Hood River Office of City 
    Treasurer and Recorder 
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie - and - either
    4. Linda Streich, or
    5. Paul Cummings

B. City of Hood River Treasurer 
    Money Market Account 
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie - and -  either
    4. Linda Streich, or
    5. Paul Cummings

C. City of Hood River 
    Money Market Account 
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie - and - either     4. Linda Streich, or      5. Paul Cummings

D. City of Hood River 
    Municipal Court Account 
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie
                                        

E. City of Hood River 
    Payroll Account 
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie

F.  City of Hood River 
    Fire Prevention  
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie

G. City of Hood River 
    Corps   
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie
 
H. City of Hood River 
    Fair Winds  
    1. Bob Francis, or
    2. Steven J. Everroad, or
    3. Jennifer McKenzie


II. U.S. BANK OF OREGON 
    Account Name -

A.  City of Hood River – Money Market 
     1. Bob Francis, or
     2. Steven J. Everroad, or
     3. Jennifer McKenzie - and - either
     4. Linda Streich, or
     5. Paul Cummings
      
III.KEY BANK
    Account Name -

A.  City of Hood River – Money Market 
     1. Bob Francis, or
     2. Steven J. Everroad, or
     3. Jennifer McKenzie - and - either
     4. Linda Streich, or
     5. Paul Cummings

IV. HOOD RIVER COUNTY 
     Investment Pool 
     1. Bob Francis, or 
     2. Steven J. Everroad, or
     3. Jennifer McKenzie  - and - either
     4. Linda Streich, or
     5. Paul Cummings
                                              
and that said bank shall be and is authorized to honor and pay the same whether or not they are payable to bearer or to the individual order of any person or persons signing the same.


BE IT FURTHER RESOLVED that the aforesaid persons are authorized and empowered to make, collect, discount, negotiate, endorse and assign, in the corporate name, all checks, drafts, notes and other paper payable to or by this corporation; to make and enter into any and all agreements, including, but not limited to, Special Depository Agreements and Arrangements with references to the manner in which, conditions under which or the purpose for which funds, checks, or other items of this corporation may be deposited, collected, or withdrawn; to delegate to others such authority in connection with any Special Depository arrangement that may be deemed appropriate, and to do and perform such other and further acts and things in connection with or pertaining to the establishment of any account or the transaction of any banking business with said bank as they consider proper.

BE IT FURTHER RESOLVED that those persons authorized by this Resolution to sign on bank accounts on behalf of the City, or such persons as are hereafter designated, are hereby authorized to deposit and invest City surplus funds, loan funds, or savings accounts in banks, mutual savings banks, and savings and loan associations doing business with Oregon in bonds or obligations of the City for which a sinking fund was created or in legally issued general obligation bonds of the United States or the State of Oregon.

BE IT FURTHER RESOLVED that those persons authorized by this Resolution to sign on bank accounts on behalf of the City, or such persons as are hereafter designated, are hereby authorized to deposit and invest City working funds, surplus funds, loan funds, or sinking funds as described under the caption "Permitted Investments" of the investment policy and portfolio guidelines adopted by the City by Resolution 93-31, dated August 9, 1993.

BE IT FURTHER RESOLVED that the authority hereby conferred upon the above named persons shall be and remain in full force and effective until written notice of the revocation thereof shall have been delivered to and received by the bank at the branches or offices where such accounts are maintained.


ADOPTED this 14th day of January, 2008.


                                  
Linda Streich, Mayor


ATTEST:      _____________________
Jennifer McKenzie, City Recorder