84-59 WMITE - CITV CLERK
PINK - FINANCE COIIflC1I
CANARV - DEPARTMENT G I TY OF SA I NT PA U L
BLUE - MAYOR File NO• � '��
Council Resolution
Presented By �°'��" C��
Referred To Committee: Date
Out of Committee By Date
RESOLVED, that the following securities:
$100,000 U.S. Treasury Notes 16.00% due 11-15-84
50,000 U.S. Treasury Notes 16.00% due 11-15-84
100,000 U.S. �reasury Bills due 3-22-84
50,000 U.S. Treasury Notes 16.00% due 11-15-84
150,000 U.S. Treasury Notes 16.00% due 11-15-84
600,000 U.S. �reasury Bills due 7-15-84
pledged as collateral to protect deposits of public funds of
the City of Saint Paul with Guaranty State Bank of Saint Paul,
hereby is authorized, ratified and approved, such having been done
in conformance with the applicable statutes of the State of Minnesota.
COUNCILMEN
Requested by Department of:
Y Fi and Man gement Services
Yeas a s �
Fletcher
�i°""'e �� [n Favor
Masanz
NiCOSia
scneibei _ d __ Against BY
TedesCo
VKileen
JAN 17 1984 Form roved by City torney
Adopted by Council: Date
Certified P s-ed b Council S etar BY
B �
61ppr y 17avor: Dat _ �'Y � 9 198`� Approv by Mayor for bmission to Council
By — BY
PUBLISHEQ JAN 2 8 ����
�
�r= ��.�g
Finance & Management S����ENT RE
Gar� Norstrem CONTACT . CE'���
292-7016 _�HONE � �� �� N 4q' l�
December 30, 1983 DATE re e �
iT,� A�-r,A���
(Routing and Explanation Sheet) (�,�9��Y
Assign Number for Routing Orc�r (Cl�p All Locations for Ma�yoral Signature):
Department Di r�ctor
�?F��IVED
� City Attorney _ �������� --
/Mayor �qr4� 5 _ ��g� JAN 0 3 1984
Fi nance and Manag ces Di rect O�FlCE OF THE DIRECTOR
4 City Clerk ��Y'��� ��F�CE DEPARTMENT OF FlNqNCE
AND MANAGEMENT SERVICES
Budget Director
What Will be Achieved by Taking Action on the Attached Materials? (Purpose/Rationale):
The passage of the attached resolution approved the securities pledged by
Guaranty State Bank of Saint Paul to protect funds of the City of Saint Paul
while held in said bank.
MSA 118 requires collateral to protect public funds and sets out a procedure
to be followed in the handling of said collateral including the requirement of
� approval by the goveraing body.
Financial , Budgetary and Personnel Impacts Anticipated:
xor�.
Funding Source and Fund Activity Number Charged or Credited:
r
NONE. �
Attachments (List and Nw�er all Attachrtients):
1. Proposed Council Resolution.
OEPARTMENT REVIEW CITY ATTORNEY REVIEW
X Yes No Council Resolution Required? Resolution Required? Yes No
Yes X No Insurance Required? Insurance Sufficient? Yes No
Yes X No Insurance Attached? �
Revision of October, 1982
(�ee Reverse Side for �Instructions)