HomeMy WebLinkAboutResolution No. 004-25 - Resolution - 2025 Assignment of Securities
RESOLUTION
Adopting the 2025 Assignment of Securities.
BE IT RESOLVED by the Common Council of the City of Rochester 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,
2025, and ending on December 31, 2025.
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, 2025,
and ending on December 31, 2025.
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
Rachel Houdek, Finance Manager
Joy Harris, Accounting Manager
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 _______________, 2025.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2025.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)