HomeMy WebLinkAboutCity Council Resolution 1979-572Councilmember Davenport introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-572
OFFICIAL DEPOSITORIES FOR CITY FUNDS - 1979 and 1980
WHEREAS, State Statutes require that the City designate general depositories for
City monies.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that the Wayzata Bank and Trust Company be added to the following list
of designated official depositories for the City's Temporary Investment program
for 1979 and 1980: the Marquette National Bank of Minneapolis, the New Hope State
Bank of New Hope, the First National Bank of St. Paul, the First Federal Savings
and Loan of Wayzata, the Twin City Federal Savings and Loan of Ridgedale, the
Northwerstern National Bank of Minneapolis, the Northwestern National Bank of
St. Paul, the First National Bank of Minneapolis, the First National Bank of
Wayzata, the Plymouth State Bank of Plymouth and the American National Bank of
St. Paul.
BE IT FURTHER RESOLVED, that the designation of the foregoing depositories is
contingent upon receipt by the City of Plymouth of evidence of sufficient collateral
in the amounts and kinds as required by the State Statutes.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
following vo r TFaYOF thereof: Mayor Hunt, CnllnrillnPmhPMG navnnnnrt,
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The following vote aya ns ora sta n ; Nnnp
Whereupon the Resolution was declared duly passed and adopted.