85-1125 �MHITE - CITV CLERK
PINK - FINANCE G I TY O F SA I NT PA IT L Council
CANARV - OEPARTMEN � -� FIlE NO. � ���
BLUE - MAVOR
1
Cou cil Resolution
Presented By
Referred o Committee: Date
Out of Co mittee By Date
RES VED, that t e following securities:
$200,000 Un'ted States Treasury Notes 10.25% due 3/31/87
ple ed as colla eral to protect deposits of public funds of
the ity of Sain Paul with Shelard National Bank, hereby is
auth rized, rati ied, and approved, such having been done in
conf rma.nce with the applicable statutes of the State of Minnesota.
Yeas COonnen ME Na s Requested by Department of:
� Y �
Drew Finance and Ma.nag ent Servic s
Masanz
In Favor
Waow�P v
scnetbe� __ Against
Tedesco
Wilson
Adopted by Council: Date AUG 2 0 1985 Form Appro e City torney ,
Certified Pa s b uncil S ta BY
E�p r by Mavor: Date
' AUG 2 � I�vS �►PP� y Mayor for Sub sio to Council
B BY
PUBUSHED AU G 3 ? 198�5 �
Finance and Man ement Servi es DEPARTMENT (;f' O✓���0�-� ND 1641
Shir�ey' v' CONTACT •
292-7038 PHONE A
Juiy 30, � 9s5 DATE �Qj�r� e e
ASSIGN NUMBER FOR ROUTING ORD R Cli All Locations for Si nature :
Department Di ector � Director of Management/Mayor
� Finance and M nagement Se vices Director 4 City Clerk
Budget Direct r
� City Attorney
WHAT WILL BE ACHI VED BY TAKI G ACTION ON THE ATTACHED MATERIALS? (Purpose/ RECEI�ED
Rationale) :
The passage of he attached resolution approves securities pledged by AuG 5 ��
Shelard Nationa Bank to pr tect funds of the City of Saint Paul while held
in said bank. CITY qTTpRNEY
MSA 118 require collateral to protect public funds and sets out a procedure to
be followed in he handling of said collateral including the requirement of
approval by the governing b dy.
COST/BENEFIT, BUD ETARY AND P RSONNEL IMPACTS ANTICIPATED: RECEiVED
�
- R�.�_,. ,__ _.�.
�'��� AUG 5 1985
None ��
� � �� A�� 6 i985 OFFICE OF FHE DIRECrpR
DEPqRTMENT OF FMqNCE
�AY�'��� Or'FIC� AND AAANqGEMENT
SERVtCES
FINANCING SOURCE ND BUDGET A TIVITY NUMBER CHARGED OR CREDITED: (Mayor's signa-
ture not re-
Total Amount f Transactio : quired if under
$10,000)
Funding Sourc :
Activity Numb r: None
ATTACHMENTS Lis and Number 11 Attachments :
Prposed Council Resolution.
DEPARTMENT REVIE CITY ATTORNEY REVIEW �
x Yes No Co ncil Resolu ion Required? Resolution Required? Yes No
Yes No In urance Required? Insurance Sufficient? Yes No
Yes No In urance Atta hed:
(SE REVERSE SIDE FOR INSTRUCTIONS)
Revised 12/84