HomeMy WebLinkAboutCity Council Resolution 1982-025CITY 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
4th day of January 19 V . The following members
were present:Mavor DavenportCounci members oyt-,--Ro—en, Schneider and Threinen
The following members were absent: none
Mayor Davenport introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 82- 25
APPOINTING OFFICIAL DEPOSITORIES FOR CITY FUNDS FOR 1982
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 1982 for the City of Plymouth: The First Bank of Minneapolis,
the First National Bank of Wayzata, the Metropolitan State Bank of Plymouth,
the Wayzata Bank and Trust, and Northwestern National Bankwest;
BE IT FURTHER RESOLVED that the following be designated as official depositories
for the City's temporary investment program for 1982: The Marquette National
Bank of Minneapolis, the New Hope State Bank of New Hope, the First Bank of
St. Paul, the First Federal Savings & Loan of Wayzata, the Twin City Federal
Savings and Loan, 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, the Wayzata Bank and Trust Company of
Wayzata, and F & M Savings Bank of Minneapolis, First Bank Plymouth;
BE IT FURTHER RESOLVED that the designation of the foregoing depositories
are contingent upon receipt by the City of Plymouth of evidence of sufficient
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
Councilmember Threinen , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Hoyt,
Moen, Schneider and Threinen
The following vote aga nst or abstained: none
Whereupon the Resolution was declared duly passed and adopted.