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the <br />for <br />1. <br />2. <br />3 <br />n <br />Al <br />i <br />RESOLUTION NO. 11-003 <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />UTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br />CMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2011 <br />the City Council must officially designate depositories for funds; and <br />AS, the investment of funds shall be in accordance with Minnesota Statutes and guidelines of <br />s official investment policy; and <br />the City has used and been satisfied with the services of US Bank and other institutions <br />it purposes; <br />V, THEREFORE, BE IT RESOLVED that: <br />US Bank shall be designated as the City's primary depository for 2011 and, <br />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 />Approval of the above institutions shall be contingent upon their continuing to meet the <br />guidelines of the City's official investment policy. <br />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 />this 11th day of January, 2011. <br />of Finance and Support Services <br />C <br />Dave Jac sen, Mayor <br />Dean R. Lotter, <br />