RESOLUTION 2016-URA-02

 (Designating Investment Institutions, Accounts, and Authorized Signatures)


  BE IT RESOLVED that the Hood River County Investment Pool is hereby designated as the depository for the investment funds of the Urban Renewal Agency of the City of Hood River (Agency).  These funds may be withdrawn as checks, drafts, receipts or advice of debit given or signed in the Agency name by the following employees of the City of Hood River:
 
    BANK AND FUND NAME                      SIGNATURES REQUIRED
      
    HOOD RIVER COUNTY INVESTMENT POOL    
   
    Account Name -                                         

    Hood River Urban Renewal                               1.  City Manager, or
                                                                                2.  City Recorder
        
    Hood River Waterfront UR                               1.  City Manager, or
                                                                               2.  City Recorder

    Hood River Heights UR                                    1.  City Manager, or
                                                                               2.  City Recorder


  BE IT FURTHER RESOLVED that the aforesaid persons are authorized and empowered to make, collect, discount, negotiate, endorse and assign, in the Agency name, all checks, drafts, notes and other paper payable to or by this Agency; to delegate to others such authority in connection with any 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 institution as they consider proper.

  BE IT FURTHER RESOLVED that those persons authorized by this Resolution to sign on investment 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 93-31, 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 investment institution at the branches or offices where such accounts are maintained.

ADOPTED this 8 day of February, 2016, to take effect immediately.
                            

 

__________________________________________                              
   Kate McBride, Chairperson

 

ATTEST:


                               
__________________________________________
Jennifer Gray, City Recorder