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93-143
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93-143
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<br />~ <br /> <br />~ <br /> <br />RESOLUTION NO. 93-1A~ <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br />INVESTMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 1994. <br /> <br />WHEREAS, the City Council must officially designate depositories for <br />funds; and <br /> <br />WHEREAS, the investment of funds shall be in accordance with Minnesota <br />Statutes and guidelines established by the Financial Policy Advisory <br />Board; and <br /> <br />WHEREAS, the City has used the services of First Bank Apache and other <br />institutions for investment purposes; <br /> <br />NOW THEREFORE BE IT RESOLVED, by the New Brighton City Council, that: <br /> <br />1). First Bank Apache shall be designated as the City's <br />primary depository for 1994. <br /> <br />2). The institutions with which the City may make investments <br />shall be as follows: <br /> <br />American National Bank <br />Cadre Consulting Services <br />Dain Bosworth, Inc. <br />First Bank Apache <br />First Bank National Association <br />Firstar Bank of New Brighton <br />Juran And Moody, Inc. <br />Norwest Investment Services <br />Piper Capital Management <br />Prudential-Bache <br />Shearson Lehman Brothers <br /> <br />3). Approval of the above institutions shall be contingent <br />upon their continuing to meet the guidelines of the <br />Financial Policy Advisory Board. <br /> <br />4). Either a corporate surety bond or collateral shall be <br />provided as security when deposits made at any depository <br />herein specified exceed the FDIC or FSLIC guarantee. . <br /> <br />, Adg~ed~ this <br /> <br />day of <br /> <br />, 1993. <br /> <br />ATTEST: <br /> <br /> <br />-a. /]d,L <br />Mayor ~ <br />~YrF--- <br />C' Y anager <br /> <br />Margaret Egan, <br />Finance Direct <br /> <br />(Seal) <br />
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