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<br />i <br />f r <br />I,' <br /> <br /> <br /> 1 <br /> 2. <br />; " <br /> j <br />\- I <br /> I <br />I <br />, <br /> i <br />i I <br />I ! <br />I ! <br /> 3. <br /> <br />I: <br />, ' <br />I, <br /> <br />i, <br /> <br />RESOLUTION NO. 04-003 <br /> <br />~ . <br /> <br />~ <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STA TE OF MINNESOTA <br /> <br />A RESOLUTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS <br />FOR INVESTMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2004 <br /> <br />WHEREAS, the City Council must officially designate depositories for funds; and <br /> <br />WHEREAS, the investment of funds shall be in accordance with Minnesota Statutes and <br />guidelines of the City's official investment policy; and <br /> <br />WHEREAS, the City has used and been satisfied with the services of US Bank and other <br />institutions for investment purposes~ <br /> <br />NOW, THEREFORE, BE IT RESOLVED that: <br /> <br />US Bank shall be designated as the City's primary depository for 2004. <br /> <br />The institutions with which the City may make investments shall be as follows: <br /> <br />RBC Dain Rauscher Inc. <br />V oyager Asset Management, Inc. (4M Fund) <br />Morgan Stanley <br />Wells Fargo Brokerage Services, LLC <br />Wachovia Securities (formerly Prudential Securities) <br />Smith Bamey/Citigroup (formerly Salomon Smith Barney) <br />US Bank <br />North American Capital Markets <br /> <br />Approval of the above institutions shall be contingent upon their continuing to meet the <br />guidelines of the City's official investment policy. <br /> <br />4. Either a surety bond or collateral shall be provided as security when deposits made at any <br />depository herein specified exceed the FDIC or FSLIC guarantee. <br /> <br />Adopted this 13th day of January, 2004. <br /> <br />~~ <br /> <br />Steve Larson, Mayor <br /> <br />r <br /> <br />.' "7 .,"-' , <br />/1 i. <br />'L,.. /!.. <br /> <br />.:..L.. /,t _..... <br /> <br />Matthew S. Fulton, City Manager <br /> <br />ATTEST: <br /> <br />{''to <br /> <br />..< <br /> <br />/h:i4 t~f.,J t? ->/{dll'l,"'- <br /> <br />,i Daniel A. Maiers <br />Director of Finance and Support Services <br /> <br />1:\CQlINCIL \Resolutions\2004\f inance\04rNVDEP.doc <br />