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RESOLUTION NO. <br />10-001 <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />A RESOLUTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS <br />FOR INVESTMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2010 <br />WHEREAS, the City Council must officially designate depositories for funds; and <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 />WHEREAS, the City has used and been satisfied with the services of US Bank and other <br />institutions for investment purposes; <br />NOW, THEREFORE, BE IT RESOLVED that: <br />1. US Bank shall be designated as the City's primary depository for 2010. <br />2. The institutions with which the City may make investments shall be as follows: <br />RBC Capital Markets. <br />Voyager Asset Management, Inc. (4M Fund) <br />Morgan Stanley Smith Barney <br />Wells Fargo Brokerage Securities, LLC <br />Wells Fargo Advisors <br />Piper Jaffray <br />3. Approval of the above institutions shall be contingent upon their continuing to meet the <br />guidelines of the City's official investment policy. <br />4. Either a surety bond or collateral shall be provided as security when funds deposited at the <br />City's primary depository herein specified exceed the FDIC guarantee. <br />Adopted this 12th day of January, 2010 <br />Tl�va TflrHt�aPr� A�ovnr <br />6a ni& A. Mars <br />Director oiFinance`and Support Services <br />