Laserfiche WebLink
<br />. ~. <br /> --A~\JHILLS <br /> CITY OF ARDEN HILLS <br /> COUNTY OF RAl\lSEY <br /> STATE OF l\II:'1lNESOTA <br /> RESOLUTION NO. 07-04 <br /> RESOLUTION DESIGNATING l\'IONEY l\lARKET DEPOSITORIES <br /> FOR INVESTl\IENT PURPOSES <br /> 'VllEREAS, thc City of Arden Hills designatcs U.S. Bank Sl. PauL N.A. as the official <br /> depository {i:)r funds of the City of Arden Hills for calcndar year 2007; and <br /> WHEREAS, it is desirnble to invcst City funds at the highest available intercst rate; <br /> NO\V THEREFORE, BE IT RESOLVED that cffectivc this c1ate, the following money <br /> market funds arc designated additional depositories for the sole purpose of investing cash or cash <br /> equivalent funds of the City of Arden Hills: <br />. !'vlinnesota Municipal Liquid Asset Fund (4M Liquid Asset and 4M PLUS Funds); <br /> Wells Fargo Government Money Market Fund; and Salomon Smith Bamey Money Funds <br /> Govcrnment Portfolio Class A. <br /> BE IT FURTHER RESOLVED, that the 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 lmvs of the State of Minnesota, is furnished by such money <br /> markct funds to protcct the City's deposited funds against financial loss. <br /> ADOI)TED BY TilE CITY COUNCIL OF THE CITY OF ARDEN HILLS TI-IIS 8th <br /> DA Y OF .JANUARY, 2007. <br /> Stanley D. lIarpstead, Mayor <br /> ArrEST: <br /> Michelle A. 'Volfe, ADMINISTRATOR <br />. <br />