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CITY OF ARDEN HILLS
RAMSEY COUNTY, MINNESOTA
RESOLUTION NO. 91-02
DESIGNATION OF ADDITIONAL DEPOSITORIES FOR
INVESTMENT PURPOSES
WHEREAS, Resolution No. 91-01 designates the Norwest Bank, st.
Paul N.A. and the Firstar Roseville Bank as official depositories
for funds of the city of Arden Hills for calendar year 1991; and
WHEREAS, it is desirable to invest city funds at the highest
available interest rate;
NOW THEREFORE BE IT HEREBY RESOLVED that effective this date, the
following banks and savings and loans are designated additional
depositories for the sole purpose of investing funds of the city
of Arden Hills:
American National Bank of st. Paul
First Minnesota savings Bank
Norwest Investment Services, Inc.
Twin city Federal Savings & Loan Association
Minnesota Municipal Money Market Fund (4M Fund)
BE IT FURTHER RESOLVED that the city Treasurer is authorized to
take whatever actions are necessary to make investments at the
aforesaid depositories and to ascertain that adequate security,
as required by the laws of the State of Minnesota, is furnished
by such depositories to protect the City's deposited funds
against financial loss.
Adopted by the Arden Hills city council this 2nd day of January,
1991.
CITY COUNCIL
C'~RN H'LL'
By w IfU---
Thomas R. Sather, Mayor
ATTEST:
Ga~d Be~ge! ~k
Administrator