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<br />, "0'.- <br />~,,,~,.,.....,, <br />.~ ")0 - <br />""' <br /> <br />"I <br />j, <br />~ j <br />" <br />~ i <br />L <br />" <br /> <br />"'~, <br /> <br />'~ :~ <br />" <br />I' <br /> <br />II <br />H <br />n <br />n <br />~ :~ <br />tj <br />~ ;' <br />; ~ <br />j ~ <br />, ~ <br /> <br />.." <br /> <br />.. <br />'.... ll, <br /> <br />RESOLUTION NO. 2325 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />~ :1 <br />I' <br />II RESOLUTION AUTHORIZ ING LIQUOR FUND TO !\RECEIVE, $10,000 LETTER OF <br />I <br />II CREDIT WITH FIRST STATE BANK OF NEW BRIGHTON. <br /> <br />! <br />jlWHEREAS the City has been approached by a new liquor distributor <br />llwho has quoted attractive prices for his merchandise, and <br />:1 <br />,< <br /> <br />!IWHERE.AS said distributors policy is either "Cash on Delivery" <br />lior guarantee by a letter of credit, and <br />'. <br />q <br />'l <br />IjWHEREAS the city policy is that all purchases must be invoiced <br />!i~o and paid by the Clerk/Treasurers office to facilitate strong <br />\llnternal control, and <br /> <br />l' <br />iWHEREAS the City could realize a saving by purchasing from this <br />I distributor, and <br />I <br />I <br />LWHEREAS the First State Bank of New Brighton has agreed to issue <br />Ila letter of credit from the City to said distributor at no cost <br />I!to the city. <br /> <br />" <br />; ~ <br /> <br />IjNOW THEREFORE BE IT RESOLVED by the Counc i1 of the city of New <br />l'IBrighton that a letter of credit in the amount of $10,000 be <br />.lissured by the First State Bank of New Brighton to Bell BOy <br />llcorporation on behalf of the City Liquor Fund. <br /> <br />'1 <br />ilBE IT FURTHER RESOLVED that the city Manager is hereby authorized <br />:.jto implement the conditions of this resolution. <br /> <br />,,~ <br />~ ! <br />liAdopted this 22nd day of April, 1980. <br />" <br />P <br /> <br />II <br /> <br />IIATTEST: <br />,f <br /> <br />II <br />I! <br />II <br />"j <br />Ii <br />ii[)lI . , " , ... <br />!i~_l,~ . <br />Il"erno~, C. Pederson, Cler.k/Treasurer <br /> <br />It ~,-" <br />- k ',' <br />-""""" ","'tt.'- <br />~.' ,~~ <br /> <br />" <br /> <br />~Lt)~ <br />P~mes W. Senden, Mayor <br />;' <br />(./ <br /> <br /> <br />