Resolution 2011-04

(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