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��`�\. �,J�� Da t e April 15, 1982
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"� O : SC1ITi� POU� �CIt�1 CQUi�Ci� -� `:
��O l� = C O i CI i T'i►37 E� O i'1 FINANCE, MANAGD�fENT AND PERSONNEL . . . � _
Joanne Showa3ter ,Actirig choifman, mokes the fal lo:�ing , - -
. . repart un �C.F_ . [] �rdinar�ce .
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At its meeting of Apri,� 15, 1982, the Finance Comm�ttee recorrur►ended approval of
_-_w - _..��11�ting: � - � _�-- _ . -- -
1. Resolution approving. supplemental funding for Reserve Street (Warner Road) -
eastbound bridge reconstruction.. (12844-GM) . . .
2. Resolution amending 1981 Capital Improvement Budget_ to provide furids for � _
_ remodeiing of two. fi�e stations. (12859-McM) - - � :
3. Resolution �amCending 19$2�.Debt Service Budget. (12843=McM) • - � . . �-
�4. Resolution approving collateral pledged_ by Minnesota State Batik,��St. Paul, � . �
to�protect city _funcis held in .said bank. (12849-McM) � . -
5. Resolution approving colla�eral pledged by Sturunit National Bank, St. Paul, to _
protect city fLmds held in �said bank. (12850-McI� . " . �
6. 12es�lution approving �ollateral pledged by Guaranty State Banlc, St. Paul, to
protect city funds held in said bank.' (12851-McT4) - ' �
''IT'i �L�LL SE�'E;tiTH FLOOR • S.�I�T PAJ'L., �(i\\ES'JT� S�1Q=
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:EXPLANATION OF ADMINISTRATIVE ORDE�tS, F.�v. : 4/30/81 ,
: r. SOLUT�OLvS AND ORDIrJANCES ` _ �.,M .�._ �D�'►.,, � # �
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Date: Karch 26, 1982 : � i� � � �
_ MAY�RS af�ICE �
TO: �-Mayor George Latimer
_ FROM: fary B. N.orstrem, Dept. of Finanee � l�gont. Servicea � : �
RE: COUNCT�. R85t1I.UTION: APPROVING C01.LATEBAL
ACTION REQUESTED:
xhe �.saage of the attached resvlution approve$ tbt securitiea pleslged by '
l�,nnesota State Bank, St. Paul, to protect funds of. the City of Saint Paul
�rhfle held i�t :s�id Bank.
PURPOSE AND RATIONALE FOR THIS ACTION:
MSA 118 requires collateral te �rotect publ3c fun�tu snd seta out a
procedure to be follo�ed in the has�dling of said cv�iateral including � '
the requirement of approval by the governing body. �
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FINAN�:I?�L IPZPACT: ' ,
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_ - ATTAGHMEN�S: � �`
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Propot�ed Council 8esolution. � , �
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WHITE - CITY CLERK ���c(��
CANARY - DEPARTMENT J�
GITY OF SAINT �AUL Council
BLUE - MAYOR File N O.
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
$100,000 Wash. D.C. Higher Educ. Loan Bonds, 6.625%,
due January 1, 1983
$100,000 Iowa Student Loan Bonds, 11.50°�,
due March 1, 1996
$150,000 Kansas Higher Educ. Loan Bonds, 6.00°�6,
due February 1, 1983
$155,000 Bemidji ISD #31 G.O. Bonds, 6.75%,
due February 1, 1993
$ 25,000 Eden Prairie G.O. Bonds, 6.60%,
due April 1, 1988
pledged as collateral to protect deposits of public funds of the City of
Saint Paul with Minneaota State Bank, St. Paul, hereby is authorized,
ratified and approved, such having been done in conformance with the
applicable statutes of the State of Minnesota.
COUNCILMEN Requestgd by Department of:
Yeas Nays
Hunt Finance nd M t. Servicea - Treasur Diviaion
Levine In Favor /���� .
Maddox �
McMahon B ���j�
snowa�ter - __ Against Y
Tedesco
Wiison
APR 2 0 1982 Form Approv d by City ttorney
Adopted by Council: Date —
Certified Ya _e by Counc.il creta BY
sy
Appr ve by ;Vlavor. at ��o� Ap r e y Mayor for mi iorvFo Council
By - – — By
PUBI(S�E� MAY 1 1982