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<br />I <br /> <br />I <br /> <br />I <br /> <br /> <br />Council Meeting Minutes <br />December 20, 1993 <br /> <br />Page 3 <br /> <br />Consent Agenda. continued <br /> <br />7. CONSIDERATION OF APPROVAL OF THE THREE-CITY HAULER <br />BASED CHRISTMAS TREE RECYCLING PROGRAM. <br /> <br />8. CONSIDERATION OF APPROVAL FOR THE REAPPORTIONMENT <br />OF ASSFSSMENfS. <br /> <br />9. CONSIDERATION OF APPROVAL FOR SUBMITTAL OF A JOINT <br />GRANT PROPOSAL WIm THE RAMSEY COUNTY JOB TRAINING <br />PROGRAM. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />fpblic HeariDlz - None <br /> <br />Council Business <br /> <br />Finance Director Margaret Egan presented for consideration the designation of <br />institutions as depositories of City funds for investment purposes and naming of the <br />primary depository for 1994. <br /> <br />The primary depository provides traditional banking services and the investments <br />depositories are used to invest funds and maximize interest earnings. Investment of <br />City funds are performed in. accordance with Minnesota Statutes and local policy <br />guidelines. <br /> <br />It is proposed that First Bank Apache continue as the primary depository. <br /> <br />The continuation of the following investment depositories is recommended: <br />American National Bank, Cadre Consulting Services, Dain Bosworth, First Bank <br />Apache, First Bank National, Firstar Bank of New Brighton, Juran and Moody, <br />Norwest Investments, Piper Capital Management, Pruduential-Bache, and Smith, <br />Barney, Shearson. <br /> <br />Gunderman confirmed that the City is operating under the second of a three year <br />agreement with the primary depositor, First Bank Apache. <br /> <br />Motion by Gunderman, seconded by Williams, to WAIVE THE READING AND <br />AOOPr THE RESOLUTION DESIGNATING INS'ITIlJTIONS AS <br />DEPOSlTORIFS OF CITY FUNDS FOR INVFSI'MENT PURPOSES AND <br />NAMING THE PRIMARY DEPOSITORY FOR 1994. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Economic Development Specialist Jill Hamon presented the Ramsey County <br />Community Development Block Grants (CDBG) for the Family Service Centec and <br />Habitat for Humanity. <br /> <br />Hanson notedtbat last year the City was awarded a $350,000 grant which was <br />utilized for the New Brighton Care Center project. <br /> <br />Consent Agenda <br /> <br />X-mas Tree Recycling <br />Report 93-346 <br /> <br />Reapportionment of <br />Assessments <br />Report 93-347 <br />Resolution 93-142 <br /> <br />Ramsey County Job <br />Grant <br />Report 93-348 <br /> <br />CQuncil Business <br /> <br />Designation of <br />Official Depositories <br />Report 93-349 <br />Resolution 93-143 <br /> <br />CDBG for Family <br />Cellterand Habitat for <br />Humanity <br />Report 93-350 <br />Resolution 93-144 <br />Resolution 93-145 <br />