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<br /> I <br /> ~. CITY OF ARDEN HILLS <br /> RAMSEY COUNTY <br /> I STATE OF MINNESOTA <br /> I RESOLUTION NO. 97-02 <br /> RESOLUTION DESIGNATING ADDITIONAL MONEY MARKET DEPOSITORIES <br /> I FOR INVESTMENT PURPOSES <br /> I WHEREAS, Resolution No. 97-01 designates the First Bank St. Paul, N.A. as the official <br /> depository for funds of the City of Arden Hills for calendar year 1997; and <br /> I WHEREAS, it is desirable to invest City funds at the highest available interest rate; <br /> NOW THEREFORE, BE IT RESOL YED 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 Liquid Asset and PLUS Funds) <br /> Norwest Bank Minnesota N.A., Prime Value U.S. Government Fund <br /> .. Smith Barney Money Funds Government Portfolio Class A <br /> BE IT FURTHER RESOL YED, that the City Treasurer is authorized to take whatever actions <br /> I 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 /> market funds to protect the City's deposited funds against financial loss. <br /> I PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br /> THIS 2ND DAY OF JANUARY, 1997. <br /> I <br /> I DENNIS PROBST, MAYOR <br /> I ATTEST: <br /> I <br /> BRIAN FRITS INGER, CITY ADMINISTRATOR <br /> I <br /> ,. <br /> I <br />