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RESOLUTION NO. 20-4 <br />BOARD OF COMMISSIONERS <br />ELK RIVER MUNICIPAL UTILITIES <br />A RESOLUTION OF THE BOARD OF COMMISSIONERS OF ELK RIVER MUNICIPAL <br />UTILITIES APPOINTING BANK SIGNATORIES, AND DESIGNATING AUTHORITY TO MAKE <br />FINANCIAL TRANSFERS. <br /> <br />WHEREAS, ERMU policy requires two signatures on all ERMU checks; and <br /> <br />WHEREAS, ERMU policy is to designate three members of the ERMU Board of <br />Commissioners to have signing authority; and <br /> <br />WHEREAS, ERMU has a depository account, a savings account, and a checking account; <br />and <br />WHEREAS, the Board of Commissioners finds it desirable to designate certain ERMU <br />employees to have authority to execute transfers between ERMU funds, to make bond <br />payments, and to process fees related to financial transactions. <br /> <br />NOW, THEREFORE, BE IT RESOLVED: <br /> <br />1. That the following three members of the ERMU Board of Commissioners shall <br />have authority to sign checks on behalf of ERMU: John Dietz, Al Nadeau, and <br />Mary Stewart. <br /> <br />2. That the ERMU Administrations Director and the ERMU Finance Manager shall <br />have authority to process fees, to make bond payments, and to execute fund <br />transfers between the ERMU depository account, savings account, and checking <br />account. <br /> <br />3. That the authority granted by this Resolution shall remain in effect until revoked <br />or revised by a subsequent resolution of the Board of Commissioners. <br />th <br />day of April, 2020. <br />This Resolution Passed and Adopted this 14 <br />John J. Dietz, Chair <br />Troy Adams, P.E., General Manager <br />49 <br />