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RESOLUTION NO. <br /> CITY OF NEW BRIGHTON <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br /> INVESTMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2013 <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 guidelines of <br /> the City's official investment policy; and <br /> WHEREAS, the City has used and been satisfied with the services of US Bank and other institutions <br /> for investment purposes; <br /> NOW, THEREFORE, BE IT RESOLVED that: <br /> 1. US Bank shall be designated as the City's primary depository for 2013 and, <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 City's <br /> primary depository herein specified exceed the FDIC guarantee. <br /> Adopted this 8th day of January, 2013. <br /> Dave Jacobsen, Mayor <br /> Dean R. Lotter, City Manager <br /> ATTEST: <br /> Daniel A. Maiers <br /> Director of Finance and Support Services <br />