HomeMy WebLinkAboutResolution No. 008-24 - Resolution – 2024 Assignment of Securities
RESOLUTION
Adopting the 2024 Assignment of Securities.
BE IT RESOLVED by the Common Council of the City of Rochester that that the City authorizes any
officer or other person hereinafter named: (a) to open or continue an account with US Bank
Rochester or Wells Fargo Bank Rochester; (b) to execute and deliver to these financial institutions a
signature card containing a specimen signature of officers or other persons hereinafter named; (c)
to consent to the financial institution’s rules and regulations governing bank accounts; and (d) to
endorse and to deposit in such account checks, drafts, and other instruments and funds payable to
or held by the City for the term beginning on January 1, 2024, and ending on December 31, 2024.
BE IT FURTHER RESOLVED that the Common Council authorizes the City’s Treasurer and his/her
designee to make investments of funds pursuant to Minnesota Statutes, Section 118A.01 through
118A.06 or other applicable law, and the City’s investment policy duly adopted and amended by the
Common Council, for the term beginning on January 1, 2024, and ending on December 31, 2024.
BE IT FURTHER RESOLVED that the Common Council designates that all checks, drafts, and other
withdrawal orders against the City’s general account shall bear the facsimile signature of Kim Norton,
Mayor of the City of Rochester, and Brian Anderson, Treasurer of the City of Rochester, and
designates that any and all other directions and instructions concerning the handling of City funds
may be signed by any one of the following:
Brian Anderson, Treasurer/Director of Finance (effective January 8, 2024)
Rachel Houdek, Assistant Finance Director
Joy Harris, Accounting Supervisor
Tracy Roeder, General Accountant (payroll only)
BE IT FURTHER RESOLVED that the Common Council designates that all checks, drafts, and other
withdrawal orders against Rochester Public Utilities account shall bear the facsimile signature of Kim
Norton, Mayor of the City of Rochester, and Tim McCollough, General Manager of Rochester Public
Utilities, and also designates that any and all other directions and instructions concerning the
handling of Rochester Public Utilities funds may be signed by any one of the following:
Tim McCollough, General Manager – Utilities or designated replacement
Peter Hogan, Director of Corporate Services
Judith E. Anderson, Controller
Lani Towne, Accounting Supervisor
Tina M. Livingston, Senior Financial Analyst
Brian Ehlenfeldt, Senior Financial Analyst
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2024.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2024.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)