(A resolution closing two bank accounts)
WHEREAS, the Urban Renewal Agency has six authorized bank accounts;
WHEREAS, it is the desire of Board of Directors to have the Agency operate as efficiently as possible;
WHEREAS, two of these bank accounts are no longer used or necessary;
WHEREAS, the Columbia River Bank Account: Sinking has not issued checks in over a year;
WHEREAS, the Hood River County: Acct #639 has had no activity over the past year and carries a zero balance;
WHEREAS, it is in the Agency’s best interests to close bank accounts do not have a dedicated purpose or active status.
NOW, THEREFORE, BE IT RESOLVED by the Urban Renewal Agency of the City of Hood River that:
1. The Columbia River Bank Account: Sinking shall be closed and the balance transferred to the Columbia River Bank Account: Operating; and
2. The Hood River County: Acct #639 shall be closed.
Approved by the Urban Renewal Agency on the 20 day of January, 2011, to take effect immediately.
Robert D. Hastings, Chair
Jennifer Gray, City Recorder