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<br />:. <br /> <br />..~ <br /> <br />RESOLUTION NO. 93-004 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br />RESOLUTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS <br />FOR INVESTMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR <br />1993. <br /> <br />Whereas, the City Council must officially designate depositories <br />for funds; and <br /> <br />Whereas, the investment of funds shall be in accordance with <br />Minnesota Statutes and guidelines established by the Financial <br />Policy Advisory Board; and <br /> <br />Whereas the City has used the services of First Bank Apache and <br />other institutions for investment purposes; <br /> <br />Now therefore be it resolved, by the New Brighton City Council, <br />that: <br /> <br />1. First Bank Apache shall be designated as the City's <br />primary depository for 1993. <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, Inc. <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 />Adopted this 12th <br /> <br />day of <br /> <br />January <br /> <br /> <br />c1J;.~ or <br />',t-., ',' - '. ',1'" r" (~" ('. , <br />I\~ '. '- ~ <br />f. f\J\tL-tl / ) ) \ ...~_~I\.tQ;.~) <br />D4v'i:d Chi Ids <br />C~ty Manager <br /> <br />Attest: <br /> <br />Margaret Egan <br />Finance Director/City Clerk <br /> <br /> <br />( SEAL) <br />