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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 /> WHEREAS, ERMU policy requires two signatures on all ERMU checks; and <br /> WHEREAS, ERMU policy is to designate three members of the ERMU Board of <br /> Commissioners to have signing authority; and <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 /> NOW,THEREFORE, BE IT RESOLVED: <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 /> 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 /> 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 /> This Resolution Passed and Adopted this 14th day of April, 2020. <br /> 1144,1 )1A <br /> Jen J. D ietz, Ch r <br /> Troy Adams, P.E., General Manager <br />