HomeMy WebLinkAboutCity Council Resolution 1980-047CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
7th day of Januar , 19 80 . The following memhers were
present: Mayor Hunt, Councilmem ersDaavenport, Hoyt, Neils and Schneider
The following memoers were a sen : None
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-47
APPOINTING OFFICIAL DEPOS'TORIES FOR CITY FUNDS FOR 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 following be designated as official general
depositories for 1980 for the City of Plymouth: the First National Bank
of Minneapolis, the First National Bank of Wayzata and the Plymouth State
Bank of Plymouth.
BE IT FURTHER RESOLVED that the following be designated as official
depositories for the City's temporary investment program for 1980:
the Marquette National Bank of Minneapolis, the New Hope State Bank
of New Hope, the First National Rank of St. Paul, the First Federal
Savings F, Loan of Wayzata, the Twin City Federal Savings A Loan of
Ridgedale, the Northwestern National Bank of Minneapolis, the North-
western National Bank of St. Paul, the American National Bank of St.
Paul, the Northwestern State Bank, Northwest and the Wayzata Bank and
Trust Company of Wayzata.
BE IT FURTHER RESOLVED that the designation of the foregoing depositories
is contingent upon receipt by the City of Plymouth of evidence of suffi-
cient collateral in the amount 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
0 owing voted in favor t ereo ayor Hunt, Councilmembers Davenport,
Hoyt, Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.