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Faribault board adopts routine business-office resolutions; director recuses on depository designation
Summary
The board approved a package of business resolutions for 2026, including designating depositories, authorizing facsimile signatures, interim payments, petty cash, and investment authority; Director Chad Wolf recused himself from the depository designation because Reliance Bank is a participant.
At its Jan. 5 organizational meeting, the Faribault Public School District board approved its annual business-office resolutions for fiscal year 2026.
Resolution 26‑08 (designation of depositories) was considered first; Director Chad Wolf announced he would recuse himself because Reliance Bank is a participant in the resolution. Board members discussed…
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