84-1725 WMITE - CITV CLERK
PINK - FINANCE COIIRCLI �, //�/� ��
BLUERV - MAVPORTMENT GITY OF SAINT PAITL File NO• � � � /'��
�
ou cil Resolution
Presented By
� �,,�/
�eferred To �f h1�C.0 Committee: Date 1�����`�
Out of Committee By Date
RESOLVED, that the following securities
$500,000 US Treasury Notes 12.375% due 8/15/87
$250,000 US Treasury Notes 11.58% due 10/31/86
pledged as collateral to protect deposits of public funds
of the City of Saint Paul with Commercial State Bank af
Saint Paul, hereby is authorized, ratified, and approved,
such having been done in conformance with the applicable
statutes of the State of Minnesota.
COU[VCILMEN Requested by Department of:
Yeas So�n�n�en Nays �
orew In Favor Financ and ' e
Masanz
#ii�aasie��
scneibet � __ Against BY �'�
Tedesco
Wilson
Adopted by Council: Date DEC ,� � �9t�'t Form App e Cit tto c y
Certified P• - uncil , etar BY
gy,
t�pp by Mavor: Date � C L � ��� Approved Mayor S is�ion to Council
�p� �
By _
PUBLl;iti�� .,1�'=;a _ l`���
� . �'�-i7��
� �..-
_ ,
� FINANCE £PAR"'���{T
_Shir�le�y_Davis ONTRC7
292-7038 �Ht}NE � � 7✓
11/21/84 QAT� ���
(Ra�ti ng �td Expi enat�aet Sh�et)
N�aabe r Ro�rti r C1 f A1 l � : for S{ '
� o.��t c�� RECE'
c�t� ��sor�ey VEp
� Gf rectar of �aq�an�nt,/Ml�yar '
F t Serwlcss o�reetor - RF�'F«/Fp � NOV 2 ? �g�
� � � ��
,,,4.,, City C1ar�1c . I�OV 2� 1984 Cf�/�jj0,�
,...,.., 8ud�ge�t Of rstt�r . c�F �c. �r �H._ :, �
.���;_c roR
�.-:::� ��-.,,1FN7 ;1F F°'�JANCE
.....�.. N� i.iA��A�:,c�.�cfJ) SERVICES
....... •
` � ,�, _ ; Taki A i 1�u! t t? '! -
Tha passage of the attached resolution approves the securities pledged
by Commercial 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 - .
� grocedure to be followed in the handling of said collateral including the _ . �
requirement of approval by the governing. body. � ' .
i� t� �1 8 rs 1 I cts �#.ct • .
NONE :
� RE��vE�
Sa � 1 vi r a�r C • NOV `Z 'F�
r�oNE � . Mp`�OR'S 4FfICE �
1�+, .�.�...* ( ��t � _ r �11 A -- )z _
Proposed Council Resolution:
t'�PItR't'MI�T REYI�i ,GI't�l ATTBR�I�It I.�l��t
Yes �o Counci t R�ssa1 utf or� Reqvi red? i�so1�tian R�q�rt red'� 'les ,,,r„�„ ►'a
� Y�s ,;,,,�,_, No Insur�cs R�qui rtd? I�ue�snce Suf�fi cient? �,�,,,,, YES � No�/,�
,�, Yes � �to I��e�. A�t�sthed? .
i�visi� t�f Q�Ctbetr, 't�
(�ee Rev�rsr Sie�e for tr�sttrir�tfoc+s)
:,';��----'�:�. � , � .J.�.'.�` i; C..>!i' i✓ll�.l\� '1� .'�'�\��J �� ' ��^ /�02�
J,;�:, � �,;`
�`' ,i :,:.. �� .
;.,� ��,E;.1 ,.,;. , ox�.�+,�:c��: o��� !L`1:=1IC ca�.��Y cov��c�x, :
' ��� . � � �
. �������� �� `J
:. , s:, :�.�.,;:.y;, �,:_
, •,,,�,,,,^...;, ,,
���.. , • �._- . Dafie ;
��:-.'�.� ^• j�/ December 18, 1984
•3•`'�!�;�;,:,�,G,;;a.
� ,: .
�;�=�,_r: � .
CO �V� � , I��' � E !� � � � '� ^�
! O ' �7 �..7 � tllr �W b� � V : 1 � ,�,rr11� � v ' �
� R � f1� = � ort�t� if t�c on FINANCE
� � C H A I R JAMES SCHETBEL . -
COMAiITTEE-OF-THE-IVHOLE: Resolutior�transferr.ing funds for Recycling !�nlimited�
� RCGULAR AGENDA
� 1. Approval of minutes from meeting held December 6, 1984. � '
2. Resolution amending the 1984 budget addin� �5, 000 to the financing and spending
plan for PED Printing f, Graphics. (PED) _ : .
3. Resolution amending the Civil� Service Rules �concerning leaves of absence: (?�'icosi , �
�. Resolution requesting the Mayor to include leave of absence lanauage in contract
negotiations o�ccurring after t)le passage of this resolution. (Nicosi
5. HRl1 resolution relative .tQ a proposal �for a comme cial facilities development
-�' ���proj ect. (United Hospital proj ect.) (PED) `=:��L� �
' 6�. Resolution amending the 1984 budget by acic!ing �48,60D-=-to—the financ�ing-an�l- spendir.n .
plan �for Special Projects-General Govt for St.- Pau1� Convention Bureaii�romote
St. Paul. (Exec. �ldministration) : :f�° �
v:;r; �..::_
7. Ordinance pertaining to signing bonds and other obligations. (Finance���� ��:•
8. Resolution amending the 195�'. budget by acldi�lg �l�'r,400 to the �inancing •and spending
plan for General Fund-Dep . of rinar�ce , '�!gmt. Services; Division of �:ccounting :
and Auditing. (Fin�nce) � `�.►,
':k:�,_ , .
9. Resolution approving �800, 000 Federal !aome Loan Banks securities as collateral
to prote-t deposits o� public funds of rhe City of St. Pa��l wi±h She'ard �'ational
Bank of St. Paul. (Finance) 2 - _. �
�,.
10. Resolution approving $100, 000• U.S. Treasury Notes securiries as collateral to
protect deposits of pub ic funds o. the Ci7.:y o£ St. Paul w:�th l`'estern Si.ate Bank
' of St. Paul. (Finance) ' '��� �
r�,� __.:�
1 Resolution approving �$500, 000 U.S. Trelsury ?�'otes at '2.2;5� �nd �250,000 U.S.
Treasury, Notes at 11.58 o securities as co1'_ateral to protect de�osits of .p��lic ft�,n�c,lr�
of the City of St. Paul wi±h Co�r��icrc::a'_ State Bank of St. P�ul. (l=ir.an � ��#�
:�,� �
12. Resolution approving securities as l�sted as collateral to protect �eposi*_s of �
public funds of the City of St. Paul ���.�*_li Capita? �3�nlc of St. Paul. (Finance)
.
, , _
13. P,esolution amending the 19S� budget by tran�s_�errine $95, 000 fro*n rrr.!aloyee Insurancc
to Exempt Assessments. (Finance) % �1�-�r
>�������. . ... _
14. Resolution amending the 1984 budget '�y r.c'.d;ng �50,6�0 to *_he financing and. spend�in�
plan for System and 3uilding ConstrL�c.ia� �Carc'. access CO?1±rO1. i (Fin.ince ��
�:
C1TY N.1LL S�Vr_N•r�.r 7:r_00!: ,,�-r T �. � �� �' ,S?.._
Sn.�_ Pn.JL, hilt�:�F'..�:A : ��'
.r.Z .. .