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<br />. <br /> <br />. <br /> <br />- <br /> <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY, MINNESOTA <br /> <br />RESOLUTION NO. 94-02 <br /> <br />RESOLUTION DESIGNATING ADDITIONAL DEPOSITORIES <br />FOR INVESTMENT PURPOSES <br /> <br />WHEREAS, Resolution No. 94-01 designates the First Bank st. Paul, <br />M.A. as the official depository for funds of the city of Arden <br />Hills for calendar year 1994; and <br /> <br />WHEREAS, it is desirable to invest city funds at the highest <br />available interest rate; <br /> <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 /> <br />Minnesota Municipal Liquid Asset Fund (4M Fund) <br />Paine Webber Cash Fund <br />Piper Jaffray Money Market Fund <br />Norwest Bank Minnesota M.A., U.S. Government Fund <br />Smith Barney Shearson, Daily Dividend Fund <br /> <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 /> <br />ADOPTED BY THE ARDEN HILLS <br />1994. <br /> <br />CITY COUNcrrL TH~,S/3RD DAY OF JANUARY, <br />. ,":. I' <br />'<----,-~1:~-'" _~ _~ /~' // ,; ~:I <br />. !.AJ,"'Y' .' )/ /tLY ",^-.-- <br />1';/} "iN- 1_"'-:"/./1 <br /> <br />Thomas R. Sather, Mayor <br /> <br />