(Designating Banking Institutions, Accounts,
and Authorized Signatures)
BE IT RESOLVED that the Hood River County Investment Pool, and Columbia State Bank, Hood River Branch, be and are hereby designated as the banks and depositories for the funds of the Urban Renewal Agency 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 These funds may be withdrawn as checks, drafts, receipts or advice of debit given or signed in the corporate name in the same manner as stated below: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
1. COLUMBIA STATE BANK
Account Name -
Operating Account 1. , or
2. Hoby Streich
- and – either
3. Bob Francis, or
4. Jennifer Gray
2. HOOD RIVER COUNTY INVESTMENT POOL
Account Name -
Hood River Urban Renewal 1. Jennifer Gray, or
2. Bob Francis
Hood River Waterfront UR 1. Jennifer Gray, or
2. Bob Francis
and that said banks shall be and are 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under which or the purpose for which funds, checks, or other items of this corporation may be deposited, collected, or withdrawn; to delegate to others such authority in connection with any Special Depository arrangement that may be deemed appropriate, and to do and perform such other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 Agency, or such persons as are hereafter designated, are hereby authorized to deposit and invest Agency 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 Agency 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 Agency, or such persons as are hereafter designated, are hereby authorized to deposit and invest Agency 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 Agency by resolution 93-02, dated September 16, 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 23 day of February, 2012
Hoby Streich , Chair
Jennifer Gray, City Recorder