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MINUTES <br /> EN HILLS <br /> • • Section 5.7. Add"and re-purchase agreements"after"Federal Agency <br /> Issues"as long as it is rated AAA by two rating agencies. Gives more <br /> flexibility. Make sure there is language about the 4M Fund. <br /> • Section 5.8. Change"step-up notes"to"step-up agency notes". <br /> • Section 6.4.D. Remove"other distinguishing marks"and replace with <br /> "cusips". <br /> • Section 7. Review the 5%figure for investing in securities of a single issuer. <br /> Decrease the 25%figure for external investment pool. <br /> • Section 8. Change"security dealers"to"broker dealers". <br /> B. Discussion on Current Economy and Financial Markets <br /> Cornwell brought handouts for discussion on the economy and markets. <br /> C. Update on City's 2009 Budget for Investment Interest and Current Forecast. <br /> Iverson provided an updated spreadsheet of the City's investments. <br /> 4. REPORTS <br /> A. Report from the City Council <br /> Mayor Harpstead updated the committee on previous Council actions and <br /> activities. <br /> • B. Financial Planning and Analysis Committee Comments and Requests <br /> NEXT MEETING—Tuesday,March 10, 2009 <br /> 5. ADJOURNMENT <br /> Motioned: Jeff Johnson <br /> Seconded: Jim Ostlund <br /> Scott Bronson,Chair Susan K. Iverson,Finance Director <br /> • <br /> City of Arden Hills <br /> 1245 West Highway 96•Arden Hills Minnesota 55112 <br /> Phone 651.792.7800•Fax 651.634.5137 <br /> www.ci.arden-hills.mn.us <br />