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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY, MINNESOTA <br /> <br />RESOLUTION NO. 93-02 <br /> <br />RESOLUTION DESIGNATING ADDITIONAL DEPOSITORIES <br />FOR INVESTMENT PURPOSES <br /> <br />WHEREAS, Resolution No. 93-01 designates the First Bank st. Paul, <br />N.A. as the official depository for funds of the city of Arden <br />Hills for calendar year 1993; 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 />Piper Jaffray Money Market Fund <br />Norwest Bank Minnesota N.A., Prime Value u.s. Government Fund <br />Shears on Lehman Brothers, Inc. Express 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 CITY COUNC~L THIS 4~H DAY OF JANUARY, <br />1993. <br />"../" .,> .>' ,.; <br />~.7-7~~t,t;;;t1 l'\i,(t;~f~L--- <br />Tho~~s R. Sather, Mayor <br /> <br />ATTEST: <br /> <br /> <br />-, <br />, <br />.l! <0 <br />Dorothy A. Per <br />