HomeMy WebLinkAboutCity Council Resolution 1989-024CITY OF PLYM:71 i
Pursuant to due call and notice thereof, a� rouiilnr mueting of the City
Council of the City of Plymouth, Minnesota was held on the 3rd day of
t.an,u.r3 1989. The following were present:
war Schnnidc.r, Cnunrj1r% mherS Vasiliou. Birkpr_, 71tiir.,and S gam__
The following members were absent: n
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Councilmember Vasiliou inrrvduced the following Resolution and mveed its
adoption:
RESOEAMCN NO. 89- 24
APPOINrDG OFFICIAL DEPOSMMES
FOR CITY FW)S FOR 1989
WHEREAS, State Statutes require that the City designate general depositories
for City monies;
NOW, , BE IT HEREBY RESOLVED BY THE CITY COLMI:L OF 7HE CITY OF
pLY!!jM, MMMM, that First Bank Plymouth be designated as the official
general dapositomry for 1989 for the City of Plymouth's operating= checking
accounts;
w ZT FZR M RESLT,VED that the following be designated as official
depositories for the City's temporary investment prograam for 1989; the First
Bards System, Norwiest Banks, the American
Natiaal Bank of St. Pod, the Bank Wayzata, F i N Marquette National Banks,
First National Bank of Wayzata and the '.+Metro Bards Plymouth;
BE IT PUMM RESMVED that irnmotnent counselors and institutions may be
utilized giuring the 1989 year for the acquisition of commercial paper,
banker's aooeptarrees, and goverem skl securities;
BE IT F[RnER RESOLVED that the designation of the foregoing depositories are
contingent upon rAceipt 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 Fesolution was duly seconded by
Counciluember Zitur and upon vote being taken thereon, the following
voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
Ricker. Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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