HomeMy WebLinkAboutCity Council Resolution 1985-055CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a me!tino of
theCity
he
City Council of City of Plymouth, Minnes to was held on the
day of y , 1985 . The following members were
present: Mayor DAvenport, Councilmem erarain, Neils, Schneider and Vasiliou
The following members were a sent: None
Councilmember Neils introduced the following Resolution and
moved its adoption:
FESOLUTION NO. 85 -55
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 1985
WHEREAS, State Statutes require that the City designate general depositories
for City monies;
NOW, THEREFORE, BE IT HEREBY RESOLVED
PLYMOUTH, MINNESOTA, that the Wayzata
official general depository for 1985
checking accounts;
BY THE CITY COUNCIL OF THE CITY OF
Bank and Trust be designated as the
for the City of Plymouth's operating
BE IT FURTHER RESOLVED that the following be designated as official
depositories for the City's temporary investment program for 1985; the First
Bank of St. Paul, Twin City Federal Savings and Loan, Norwest Banks, the
American National Bank of St. Paul, Wayzata Bank and Trust Company of Wayzata,
F 6 M Marquette National Banks, First Banks of Minneapolis, First National Bank
of Wayzata, Metropolitan Bank Plymouth, and the First Bank Plymouth;
BE IT FURTHER RESOLVED that investment counselors may be utilizd during the
1985 year for the acquisition of commercial paper, banker's acceptances, and
governmental securities;
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 Schneider , and upon vote being taken thereon, the
following voted n avor thereof: Mayor Davenport, Councilmembers Crain.
Neils, Schneider and Vasiliou
The following voted against ora sta ne one
Whereupon the Resolution was declared duly passed and a opte .