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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY, MINNESOTA <br /> <br />RESOLUTION NO. 92-02 <br /> <br />RESOLUTION DESIGNATING ADDITIONAL DEPOSITORIES <br />FOR INVESTMENT PURPOSES <br /> <br />WHEREAS, Resolution No. 92-01 designates the Norwest Bank <br />Minnesota, N.A. as the official depository for funds of the city <br />of Arden Hills for calendar year 1992; 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 />American National Bank of St. Paul <br />Norwest Investment Services, Inc. <br />Minnesota Municipal Money Market Fund (4M Fund) <br />Piper Jaffray Money Market Fund <br />Norwest Bank Minnesota N.A., Prime Value Fund <br />Shearson Lehman Hutton Money Market 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 <br />1992. <br /> <br />BY THE ARDEN HILLS CITY COUN1:IL THIS , D D Y OF JANUARY, <br /> <br />j~M~ <br /> <br />Thomas R. Sa her, Mayor <br /> <br />ATTEST: <br /> <br />~"fl.~~ <br />Gary R. Berger, City Administrator <br />