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<br /> I <br /> I. CITY OF ARDEN HILLS <br /> RAMSEY COUNTY <br /> I RESOLUTION NO. 95-02 <br /> I RESOLUTION DESIGNATING ADDITIONAL MONEY MARKET DEPOSITORIES <br /> FOR INVESTMENT PURPOSES <br /> I <br /> WHEREAS, Resolution No. 95-01 designates the First Bank St. Paul, N.A. as the official <br /> I depository for funds of the City of Arden Hills for calendar year 1995; and <br /> WHEREAS, it is desirable to invest City funds at the highest available interest rate; <br /> I NOW THEREFORE, BE IT RESOLVED that effective this date, the following money market <br /> I funds are designated additional depositories for the sole purpose of investing cash or cash <br /> equivalent funds of the City of Arden Hills: <br /> I Minnesota Municipal Liquid Asset Fund (4M Fund) <br /> Painewebber Money Fund <br /> Piper Jatfray Money Market Fund <br /> Ie Norwest Bank Minnesota N.A., Prime Value U.S. Government Fund <br /> Smith Barney Money Funds Inc Cash Portfolio <br /> I BE IT FURTHER RESOLVED, that the City Treasurer is authorized to take whatever actions <br /> are necessary to make investments in the aforesaid money market funds and to ascertain that <br /> adequate security, as required by the laws of the State of Minnesota, is furnished by such money <br /> I market funds to protect the City's deposited funds against tinancialloss. <br /> PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br /> I THIS 3RD DAY OF JANUARY, 1995. <br /> I DENNIS PROBST, MAYOR <br /> I ATTEST: <br /> I TERRANCE R. POST, ACTING CITY ADMfNISTRATOR <br /> I <br /> Ie <br /> I <br />