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Board approves five signers for Anaconda LIH Solutions LP accounts at First Montana Bank
Summary
The board approved opening multiple First Montana Bank accounts for Anaconda LIH Solutions LP and authorized five signers — including Geoff Anderson of Good Housing Partnership — while keeping an internal two-signer check requirement, a step taken to support RAD financial operations.
The Housing Authority voted to open new bank accounts at First Montana Bank for Anaconda LIH Solutions LP to handle operations and security deposit savings for Mount Haggin Homes, Cedar Park Homes, and P.J. Hagan Manor. The board approved five signers for those accounts: Adam Vauthier, Camille Erickson, Paul Fenchak, Kaitlin Leary, and Geoff Anderson of Good Housing Partnership (GHP).
Secretary Kaitlin Leary noted the institution requires additional signers because GHP is a general partner for Anaconda LIH Solutions LP and that Mr. Anderson would have full access to the accounts. The board reiterated its internal two‑signer requirement for issuing checks and said staff will provide Mr. Anderson with that policy and confirm his agreement.
Commissioner K. Vauthier moved to approve the five account signers and Commissioner Bjornemo seconded; Chair A. Vauthier declared the motion carried unanimously on roll call. The action is tied to the Authority’s RAD financing and property ownership structure under Anaconda LIH Solutions LP and is intended to separate project accounts from the Housing Authority operating accounts.
