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CITY OF GEM LAKE <br />RESOLUTION NO.2002-08 <br />8 AprA2UO2 <br />13ANKING.—PREMIER BANK <br />W HCl2i;AS.:.tlie City Council of the City of Gem Lake wishes to make all-reasionableefforts to..insure. fiscal responsibility and <br />appropriate inanageinent of public funds; and <br />WHEREAS.; Premier Bank of White BearLake has indicated it's willingnesstoprovide appropriate security for.C;em Lake funds <br />in excess of FD.tC coverage of S l 00,00OUS; and <br />VUHEREAS,the*Caty o.FGem Lake has alK*y demonstrated* i $41scal responsibilityvifh previously invested: public. fiends. <br />116OLVr l), that the City Council ofthe.City of Gem Lake do. hereby authorize the City Clerk.and.the City Treasurer on behalf <br />of'the City of 6em.Lake to establish with Premier Sank checking accounts for the.General. Fund <br />and Sewer Fund and to transfer <br />all pub.liq funds from :other oepo5itories'to tllese accounts at the earliest: possible date. <br />The foregoing Resolution was offered by Council Member Igo and was Supported. by Council Member Watson and was <br />declare4adopted. baaed upon a unanimous vote. <br />ATTEST <br />1, .(lie undersigned, being the. duly qualified and appointed Clerk of the City of Gem .Lake, Ramsey County, Minnesota, <br />do hereby ceftil'v tliat 1 have carefulIy .compared (lie attached and foregoing extract of:minutes. ofa regular meeting of the: City <br />Council of the. City of Gein Lake and that said extractis a true and aecumte representation of the intent and action. taken. <br />Frederic'C-Magnuson, City Clerk Dated <br />e-file: resolu0onlarpvtno200#4# <br />CERTIFIED COPY <br />