HomeMy WebLinkAboutCity Council Resolution 1991-042CITY OF PLYMOUTH
Pursuant -n 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
January 1991. The following were present:_ Councilmembers Helliw 11
The following members were absent:
Councilmember Ricker introduced the following Resolution and moved its
adaption:
RESOLUTION NO. 91- 42
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 1991
WHEREAS, State Statutes rerni,rn that the City designate general depositories
for City monies;
NOW, THEREFORE, BE IT IMMY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that Firstar Metrobank Plymouth be designated as the
official general depository for 1991 for the City of Plymouth's operating
checking accounts;
BE IT FURTHER. RESOLVED that the following be designated as official
depositories for the City's temporary investment program for 1991; the First
Bank System, Norwest Banks, the American National Bank of St. Paul, F & M
Marquette National Banks, First National Bank of Wayzata and the Firstar
Me'troBank;
BE IT FURTHER RESOLVED that investment counselors and institutions may be
utilized during the 1991 year for the acquisition of cconercial 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 adaption of the foregoing Resolution was duly seconded by
Councilmember Zitur and upon vote beteg taken thereon, the following
voted in favor thereof: Mayor Bergman, Councilmembers Helliwell- Ricker.
Vasiliou, and Zitur
The following voted against or abstained:
Whereupon the Resolution was declared duly passed and adopted,