280606 WHITE - C�TV CLERK
PINK - FINANCE G I TY OF SA I NT PAIT L Council
CANARV - DEPARTMENT �����
BLUE - MAYOR 1'
, File N
Council Resolution
. ,
Presented By �'.z
�/Referred To � �v��� Committee: Date ���4 �
Out of Committee By Date
- RESOLVED, that the following securities:
$100,000.00 U.S, Treasury Bill 8.69108% due August 25, 1983
pledged as collateral to protect deposits of public funds of the
City of Saint Paul with Summit State Bank of Phalen Park, hereby is
authorized,ratified and approved, such having been done in
conformance with the applicable statutes of the State of Minnesota.
COUIVCILMEN Requested by Department of: �
Yeas Nays �
Fietcner Finance a d Mana ement Services
�a��� In Favor
Masanz �
Nicosia B
Scheibel A gai n s t
Tedesco
Wilson
Adopted by Council: Date JUL 1 4 1983 Form Approv ity torne
I
Certified P s b il , et BY
�
sy
t�pproved y ;N or. Date JUL � � � 1WPpr ve y yor or Sub ' to Co ncil
�:�f
By
PUBLISHED J U L 2 3 1983 -
. ��U�
Finance � Management Serv Ep�T(•1ENT a �
Shirley Davis ` ONTACT
292-7038 HONE R�CE��/
DATE �v�� �� J ��
June 13. 1983 �/�
(Routing and Explanation Sheet) 1� 1�
Assign Number for Routing Order (Clip All Locations �for Mayoral Signature):_ N�
Department Di rector
� city attorney � _ RECEIVED y
Mayor � 4UN 1 �����
�/ Finance and Management ervi ces Director
OFFlCE OF THE DIRECTOR
4 City Clerk DEPART�Y1ENT OF FINANCE
Budget Di rector AND MANAGEtiiENT SERVICES
What Will be Achieved by Taking Action on the Attached Materials? (Purpose/Rationale):
The passage of the attached resolution approves the securities pledged by
Summit State Bank of Phalen Park, 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 governfng body.
Financial , Budgetary and Personnel Impacts Anticipated: .,.� ,
xort�. �
D
Funding Source and Fund Activity Number Charged or Credited: ,J U N 2 0��
. CqUNCILMAN
NONE. JAMES SCHEIBE!
Attachments (List and Number all Attachments) :
1. Proposed Council Resolution.
DEPARTMENT REVIEW CITY ATTORNEY REVIEW
xx Yes No Council Resolutian Required? Resolution Required? Yes No
Yes � No Insurance Required? Insurance Sufficient? Yes No
Yes � No Insurance Attached? �
Revision of October, 1982
(See Reverse Side for �instructions)
�
.e�����`��';�� � �z�rY or S:�rrT�r P.c�.vL ���'���i
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s�;�:.�....,_. : t �
�� � ; July 7, 1983
- �\r.;':�.;°';�:� : ' Date �
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��y.�.:;+. . .
.. _ - .. ��� . .
TQ = Satn? Paul City Council � �
F� � � � C o m m i t t e e O h Finance, Management $ Personnel
' C N AIR Councilman Scheibel
� . 1: 30 p.m.
� AGENI� A. � . . � � . .-
. -
l. Approval of minutes from� meeting held June 30,, 1983. .
. � � . \ � '� •
2. Ruth Meyers, Chairperson, Regional Commission on Civil Rights, brief -
, gresentation regarding the City of Saint Paul's proposed affirmative action
policy. '
� Resolution appraving the _securities pledged by Summit State Bank of Phalen
Park to protect funds of the City of Saint Paul while held in said bank.
- (Finance f, Management Services) � ------�-��
4. Resolution allowing the City ,to receive a �10,000 grant from the Saint Paul .
Foundation for the Economics of Amenity Program. (Planning �, Economic Development)
�. -..-�'�'�"J
5. Resolution recommending changes to the 1983 budget to rovide for air
conditioning. (Council Research Center) �-
�..-•_
6. Resolution recommending additions to the 1983 Housing Information 0£fice .
Budget. (Housing Information Office) , �
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