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Board Resolution <br />of the <br />Boys & Girls Clubs of the North Star <br />(Organization Name) <br />At the meeting of the Board of Directors of the above --named organization (hereinafter "our <br />organization") held on 02-13-20, the following resolution was proposed and approved by the <br />Board: <br />Resolved: <br />WHEREAS, The Boys & Girls Clubs of the North Star Board of Directors has continue to be a <br />strong supporter Elk River Branch; and <br />WHEREAS, The Boys & Girls of the North Star is seeking a note from MidWestOne Bank. <br />Financing will be used for capital improvement project as outlined in the campaign plan on the <br />building located in Lion's Park and overall strength of the organization; and; <br />WHEREAS, The Boys & Girls of the North Star note matures in 2029 on the building located in <br />Lion's Park; and; <br />WHEREAS, The Boys & Girls of the North Star note will have a five year term and amortized <br />over 110 months on the building located in Lion's Park; and; <br />THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED AS FOLLOWS: <br />That the above -referenced is hereby accepted by the Boys & Girls Clubs of the North Star full <br />Board of Directors: the Board of Director's is aware of and supports refinancing and any <br />mortgage or other security interest in the Elk River Branch building located in Lion's Park, which <br />may be signed by the President/CEO and/or Chief Volunteer Officer <br />hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and <br />adopted by the Board of Directors of our organization at a meeting thereof duly held on the 13th <br />day of February, 2020. <br />Signature �'} <br />Name <br />Mike Paulsrud, Board President <br />Title/position relative to the Club (e.g., Board Secretay, Chief Volunteer Officer or Board <br />President <br />