Laserfiche WebLink
<br />, <br /> <br />1 <br /> <br />RESOLUTION NO. 96-004 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION DE SIGNA TING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br />INVESTMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 1996. <br /> <br />WHEREAS, the City Council must officially designate depositories for funds; and <br /> <br />WHEREAS, the investment of funds shall be in accordance with Minnesota Statutes and guidelines of the <br />City's official investment policy; and <br /> <br />WHEREAS, the City has used the services of First Bank Apache and other institutions for investment <br />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 primary depository for 1996. <br /> <br />2). The institutions with which the City may make investments shall be as follows: <br /> <br />American National Bank <br />Dain Bosworth, Inc. <br />First Bank Apache <br />Firstar Bank of New Brighton <br />Insight Investment Management, Inc. <br />Juran And Moody, Inc. <br />Norwest Investment Services <br />Piper Capital Management <br />Piper Jaffrey, Inc. <br />Prudential Securities <br />Smith Barney, Inc <br />Voyageur Asset Management <br /> <br />3). Approval of the above institutions shall be contingent upon their continuing to meet <br />the guidelines of the City's official investment policy. <br /> <br />4). Either a corporate surety bond or collateral shall be provided as security when deposits <br />are made at any depository herein specified exceed the FDIC or FSLIC guarantee. <br /> <br />Adopted this _ day of <br /> <br /> <br /> <br />ATTEST; <br /> <br />Margaret Eg , <br />Finance Director/City Clerk <br /> <br />~$a--~ <br /> <br />(Seal) <br />