My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
CCP 01-14-2002
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2000-2009
>
2002
>
CCP 01-14-2002
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/8/2007 1:17:00 PM
Creation date
11/13/2006 4:02:29 PM
Metadata
Fields
Template:
General (2)
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
99
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 02-03 <br /> <br />RESOLUTION DESIGNATING BROKERAGE FIRMS FOR INVESTMENT IN <br />FINANCIAL INSTRUMENTS AUTHORIZED BY STATE STATUTE <br />CONSISTENT WITH THE CITY INVESTMENT POLICY <br /> <br />WHEREAS, Resolution No. 02-02 designates several Money Market Funds depositories for the <br />sole purpose of investing funds of the City of Arden Hills; and <br /> <br />WHEREAS, it is desirable to invest City funds at the highest available interest rate; <br /> <br />NOW THEREFORE, BE IT RESOLVED that effective this date, the following brokerage <br />firms are designated for the sole purpose of investing City funds in Federal government <br />instruments or other authorized investments allowed by State statutes and consistent with the <br />formal investment policy of the City: <br /> <br />Dain Rauscher Corp. <br />Minnesota Municipal Money Market Fund (4M Liquid Asset and 4M PLUS <br />Funds) <br />Wells Fargo Brokerage Services, LLC <br />Salomon Smith Barney Inc. <br /> <br />BE IT FURTHER RESOLVED, that the City Treasurer is authorized to take whatever actions <br />are necessary to make inyestments at the aforesaid brokerage firms and to ascertain that adequate <br />security, as required by the laws of the State of Minnesota, is furnished by the issuing bank or <br />savings and loan to protect the City's deposited funds against financial loss; and <br /> <br />BE IT FURTHER RESOLVED, that no collateral be required for Federal government <br />instruments since these investments are backed by the full faith and credit of the United States <br />government. <br /> <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br />THIS 14th DAY OF JANUARY, 2002. <br /> <br />DENNIS PROBST, MAYOR <br /> <br />ATTEST: <br /> <br />JOSEPH P. LYNCH, CITY ADMINISTRATOR <br />
The URL can be used to link to this page
Your browser does not support the video tag.