Laserfiche WebLink
<br /> - CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> RESOLUTION NO. 92-02 <br /> RESOLUTION DESIGNATING ADDITIONAL DEPOSITORIES <br /> FOR INVESTMENT PURPOSES <br /> WHEREAS, Resolution No. 92-01 designates the Norwest Bank <br /> Minnesota, N.A. as the official depository for funds of the city <br /> of Arden Hills for calendar year 1992; and <br /> WHEREAS, it is desirable to invest City funds at the highest <br /> available interest rate; <br /> NOW, THEREFORE, BE IT HEREBY RESOLVED, that effective this date, <br /> the following banks are designated additional depositories for <br /> the sole purpose of investing funds of the City of Arden Hills: <br /> American National Bank of st. Paul <br /> Norwest Investment Services, Inc. <br /> Minnesota Municipal Money Market Fund (4M Fund) <br /> Piper Jaffray Money Market Fund <br /> Norwest Bank Minnesota N.A., Prime Value Fund <br /> Shearson Lehman Hutton Money Market Fund <br /> - BE IT FURTHER RESOLVED, that the city Treasurer is authorized to <br /> take whatever actions are necessary to make investments at the <br /> aforesaid depositories and to ascertain that adequate security, <br /> as required by the laws of the State of Minnesota, is furnished <br /> by such depositories to protect the city's deposited funds <br /> against financial loss. <br /> ADOPTED BY THE ARDEN HILLS CITY COUNCIL THIS 2ND DAY OF JANUARY, <br /> 1992. <br /> Thomas R. Sather, Mayor <br /> ATTEST: <br /> Gary R. Berger, City Administrator <br /> - <br /> ------ <br />