84-1724 WMITE - CiTV CLERK
PINK - FINANCE G I TY OF SA I NT PAU L COIZIIC11
CANARV - DEPARTMENT File NO. �� _ / �� �
BLUE - MAVOR
�
CQuncil Resolution
Presented y
Referred To �� ���L� Committee: Date �°�'��'�
Out of Committee By Date
RESOLVED, that the following securities
$100,000 US Treasury Notes 8.90% due 8/15/86
pledged as collateral to protect deposits of public funds
of the City of Saint Paul with Western State Bank of Saint
Paul, hereby is authorized, ratified, and approved, such
having been done in conformance with the applicable statutes
of the State of Minnesota.
COUNCILMEN Requested by Department of:
Yeas S�On�n Nays
Drew � In Favor Finance and Mana ement Services
Masanz ��
sc�neb � __ Against B
7edesco
Wllson
Adopted by Council: Date DE�' [ � ,9U� Form A by Cit torne
t
Certified - -s b Counci . reta BY
Bp ` —
t#pp by lVlavor: Da � gg4 Ap rov by Ma r r for u ' sion to Council
B ��
Y
P�IBLISHE�D �►�`!.;,? �; 1985
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FzNaNC� aR-��tr ITY ATTORN�1(
Shir.ley Davis �� .
2�2-7038 QkQNE `�,
11�2 84 QIITE ��
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(Ro�#ng �d €xpT anat�Ee�n 5i�t)
�# N r for Rosstf n r �7 f �A11 ocati a�s for.� # s
„
,.�.. ikPart�t Qi r�ecLt�r n_ _,
� Ci�r A�tornty � ~� . �
i�rertor of M�tage�es�t/M�,Y�or A'� ;�� ,
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�,�, �isitlC!' i�d .M��ltt S�P'M'�c�S D1!'@Cto1' � oFFlc: r�; ,H
,,4. Cf�j► �]!1'k DEPA ��� � - - ,, ,
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81i�lt d1flC#'iDt' AND MA�vAi�ci�,ur, �cny,.,�,�
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~ �#� ak� �on a � :�
The passage of the attached resolution, r�pproves the securities pledged
by Western State Bank-of Saint Pau1 to protect funds of the City of Saint Paul
while held i,n said bank.
MSA ll.$ requires coliateral to protect public fu�ds and sets out a
procedure to be followed in the handling of said col].ateral including the
requirement of approval by the governing body. � �
�t �►t _ a � � ` ��tc� • ,
_
�RECEtVED
NONE
� I�t4�� ''� '�
F F fvi r o� G ' MAYQR'S O�FtCE _ .
NONE .
_ �Ltst �� a1� Attatd�a� : - :
�
Proposed Council Resolution.
g��a'r�r�T �I�+ c.�t �`r�t�e�t t�at �
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� Yes ,,,�,�,,, �o Cour�Ci 1 i�sai utf wn ib�dqvtrt�? t�esol tsiit� Ract�#ras!? +,,,,�, Ya ,�,,,. �c►
� Y�a ,,,�,_„ t�o T�su� 1MRuired? I�nnt►��e 5ufiffcie�t3 � '�es ,,,�,,,,,,_ No �/'�'
.�.�.. Yes _..�.,, No I�ts� Rtta�d? .
RtYtsfvel af �ta�r: 198�
_ (��t A�vet�se 5i� �a� '�r�str��fa�t�}
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���;`,`' .... f�, D a fi e . December 18, 1984
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COlV1 � , f ►.��' �' E !� � � 0 '� -r
�' � • S (� ICIC pC� ?! ? � 1 � 'f � n �� �t � ? � .
� R � 11,� = � OI711� 11'i�' C C3h FINA�CE .
� � C W A I R JAMES SCHETBEL _
COMt�fITTEE-OF-TY,E-IVHOLE: Resolutior�transferring funds for Recycling ?Tnlimite���
. -�j""
. It�GULAR �GENDA
� 1. Approval of minutes from meeting held December 6, I984. f�� � �
2. Resolution amending the 1984 budget addin� �5, 000 to the financing and spending
plan for PED Printing �, Graphics, (PED) ,,� .
3. Resolution amending the Civil� Service Rules concerning leaves of absence. (?�'i�cosi
�. Resolution requesting the Mayor to include leave of absence langua�e in contract ' ,,..„,.p�
negotiations occurring after the passage of this resolution. (?v'icosi ,��,�
. . �
S. HRA resolution relative .t0 a proposal for a commercial facilities development
��- '��proj ect. (United Hospital proj ect.) (PED) ' �'G�
� 6�. Resolution �n�:�.uing the 1984 buclget by ac?di.ng �48,600--to—t?ie financing—��an�1- spenclir.g .
plan �for Special Projects-General ovt. _�or St.� Paul� Cor_�,•ention BureaLi=Fromote
St. Paul. (Exec. Administration) ; ��• � .
. .. YY..-....f .
7. Ordinance pertaining to signing bonc!s and other obl�gations. (Finance � ����,"�� '`::-
8. Resolution amending the 1954 bud�et by adcl��ig $14,400 to ±he �inaneing •and spenc�inn
plan for General Fund-Dep . of Finar�ce ; '�'gmt. Services; ^ivision of Accounting
and Auditing. (Fin�nce) y���,. :
9. Resolution approving �800, 000 ?=eder�1 I�orne Loan Banks sec��rities as collateral
� to prote-t deposits of public func�s of *he City of St. Pa��l wi*h Shelard �'ational
Bank of St. Paul. (Finance) - �7,��'~,s
�... ,_
10 Resolution approving $100, 000• U.S. Treasury Notes securities as collateral to
protect deposits of pub ic funds o. 1_he C�ity o� St. Paul w_th �Vestern State 3ank
of St. Paul. (Finance) ��'�° .
,,,.-.�,_ . r'
1 . Resolution approving �500, 000 �'.S. Trelsury ?�'otes a* I2.2;5° and �250,000 U.S.
Treasury, Notes at 11. 58% securi*�ies �s co'_'ateral to protect cleposits of .ptl�lic fL�ncl�
of the City of St.� Paul with Conv��erc:i�'_ Sta�ce Bank of S�. P�ul. (]=inan �� �.��.-
a_:y� �
12. Resolution approving securities as l�sted �s collateral to protect deposits of �/
public funds of the City of St. !'�ul tiJ'!*_)1 C�pita� B�nk of St. PGul. (Finance) = t:l�
,
13. P.esolution amending the 1954 budc�et by tran�-l-err�ng $95, 0!�0 �ro�r Ernp?oyee Insuru.nce
�
to Exempt Assessments. (Fin2nce) �� _
�,��:.�_,.W .
14. Resolution amending the 1984 btldget '�y ��c'.��ng SSO,600 to ±he fir.ancing and. spend-in�
plan for System and �Building Construc��o-� �Carc'. access con*_ro�. ) (Finance �
C:1TY NALL S�V'I�N'rT.r T.r 0O!: Snl?�T P�(JL, hilt�"��rSO-•-A `c'��,
.r-=-�.. „ . .