HomeMy WebLinkAboutCity Council Resolution 2000-002CITY OF PLYMOUTH
RESOLUTION NO. 2000-002
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 2000
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 Anchor Bank National Association
be designated as the official general depository for 2000 for the City of Plymouth's
checking accounts;
BE IT FURTHER RESOLVED that the following be designated as official depositories
for the City's investment program for 2000; the US Bank System, Norwest Banks/Wells
Fargo, American National Bank of St. Paul, Marquette Bank, TCF Bank, Franklin
National Bank, Riverside Bank and Anchor Bank National Association;
BE IT FURTHER RESOLVED that investment counselors and institutions may be
utilized during the 2000 year for the acquisition of commercial paper 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.
Adopted by the City Council on January 4, 2000.