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City of St. Louis Park <br /> Investment Policy <br /> June 5, 2000 <br /> • Resolution #00-074 <br /> VI. AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS <br /> The Director of Finance/Treasurer will maintain a list of financial institutions <br /> authorized to provide investment services to the City. All broker/dealers who <br /> desire to become qualified bidders for investment transactions must supply the <br /> Director of Finance/Treasurer with: <br /> • Audited financial statements and proof of National Association of Security <br /> Dealers (NASD) certification; <br /> • Proof of Minnesota Registration Broker Notification and Certification form <br /> required by Minnesota Statutes 118A prior to any investment transactions <br /> with the City. The Broker Notification must be updated annually. <br /> • The Official Broker/Dealer Questionnaire must be on file for each broker the <br /> City is currently doing business with. <br /> • Certification of having read the City's investment policy and agreement to <br /> conduct investment transactions in accordance with the policy and objectives, <br /> as well as state statutes. <br /> • Written agreement to disclose potential conflicts of interest or risk to public <br /> funds that might arise out of business transactions between the firm and the <br /> City. <br /> 110 Authorized institutions must maintain an investment office within the Twin Cities <br /> metropolitan area and have other Minnesota local government clients. <br /> VII. AUTHORIZED INVESTMENTS <br /> The City is authorized,under State Law Chapter 118A,to invest the securities <br /> listed in Exhibit A. <br /> VIII. COLLATERALIZATION <br /> Full collateralization will be required on non-negotiable certificates of deposit. <br /> All deposits will be insured or collateralized in accordance with Minnesota <br /> Statutes Chapter 118. <br /> IX. SAFEKEEPING <br /> Investments shall be kept at the broker/dealers in the City's name. Certificates <br /> will be held at the financial institution in the City's name. All securities should be <br /> a risk category one according to the Government Accounting Standard No. 3. <br /> 4110 The broker/dealer must provide asset protection of$500,000 through the <br /> 3 <br />