85-1123 WHITE - CITV CLERK
PINK - FINANCE GITY OF SAINT PAUL Council
CANARV - OEPARTMENT �(�j ��j']
BLUE - MAVOR File NO. -/��• '�+
�
Council Resolution
Presented By
Referred To Committee: Date
Out of Com ittee By Date
RESOLVED, that the fol owing securities:
$10, 00 G.O. Rice & Goodhue Counties 8.60% due 3/1/96
pledged a collateral to protect deposits of public funds
of the Ci y of Saint Paul with American National Bank and
Trust Com any, hereby is authorized, ratified, and approved,
such havi g been done inconformance with the applicable
statutes f the State of Minnesota.
COUIVCILME Requested by Department of:
Yeas So�nn�en ays
Drew Finance and Ma g ment Servi es
Masanz
In Favor
�liawi� c�,�
Scheibel __ Against
Tedesco
Wilson
AUG 2 0 1985 Form Appro e by City Atto ey
Adopted by Council: Date
Certified Yas e b uncil Sec BY
By
A►pp bY ;,�a�o�: o , _ AUG 2 3 1985 Appro by ayor for Submi s' to Couticil
By BY
PUBLISNE /�'•.�� `? j 198�5
Finance and Mana ment Servic s DEPARTMENT �y✓r`��'?3 ND 1:�""43
_ •
Shirley Dayis CONTACT
292-70,38' � PHONE
July 30, 1985 DATE ���� e �
ASSIGN NUMBER FOR OUTING ORDE Cli All Locations for Si nature :
Department Dir ctor 3 Director of Management/Mayor
° Finance and Ma agement Ser ices Director 4 City Clerk
Budget Directo
� City Attorney
WHAT WILL BE ACHIE ED BY TAKIN ACTION ON THE ATTACHED MATERIALS? (Purpose/ ED
Rationale) : AUG 5 1�
The passage of the attache resolution approves securities pledged by C�
American Natio al Bank and Trust Company to protect funds of the City of �A TTORN
Saint Paul whi e held in s id bank. �
MSA 118 requir s collatera to protect public funds and sets out a procedure
to be followed in the hand ing of said collateral including the requirement of
approval by th governing ody
COST BENEFIT, BUD TARY AND PE ONNEL IMPACTS ANTICIPATED: _ RECEIVED _
None AU G 5 1985
�� OFFICE OF THE DIRECTOR
� ����-�`��i,� DEPARTMENT OF FMANCE
�� �-
A UG 6 AND MANAGEMENT SERVICES
19c3;j
�AVGA,'S �;i�I(;�
FINANCING SOURCE ND BUDGET A IVITY NUMBER CHARGED OR CREDITED: (Mayor's signa-
ture not re-
Total Amount o Transactio : quired if under
$10,000)
Funding Source
ACtivity Numbe : None
ATTACHMENTS List and Number 11 Attachments :
Proposed Coun il Resoluti n.
DEPARTMENT REVIE CITY ATTORNEY REVIEW
_�_Yes No Co ncil Resolut'on Required? Resolution Required? Yes No
Yes No In urance Requi ed? Insurance Sufficient? Yes No
Yes No In urance Atta hed:
(SE REVERSE SIDE FOR INSTRUCTIONS)
Revised 12/84