HomeMy WebLinkAboutResolution Central City Local Government Corporation (CCLGC) FWCCLGC-2022-08RESOLUTION NO. FWCCLGC-2022-08
CENTRAL CITY LOCAL GOVERNMENT CORPORATION
RESOLUTION
OF THE BOARD OF DIRECTORS
Authorizing Red Oak Realty as Signatory Atitlioi-ityfar Accounts at Chase Bank
Related to Their Management of Magnolia Street Garage
WHEREAS, the Board of Directors ("Board") of the Central City Local Development
Corporation ("Corporation") have determined, at a duly authorized meeting of the managers, that
appointing Red Oak Realty, LLC as signatory authority on accounts held at Chase Bank will
result in increased administrative efficiency for the Company because Red Oak Realty, LLC is
contracted to manage the Magnolia Street Garage, including receiving rent and paying expenses
associated with such management.
NOW THEREFORE, LET IT BE RESOLVED THAT:
1. Red Oak Realty, LLC, a Texas limited liability company, is hereby authorized to
be a signatory on all accounts held at Chase Bank for the sole purpose of depositing and
withdrawing funds related to their management of the Magnolia Street Garage.
2. This Resolution shall take effect from the date of its adoption.
Adopted this October 25, 2022.
By:
Leonard Firestone
President
Attest:
Jannette Goodall
Corporate Secretary