279366 wHITE - CiTV CLERK COUIICIl ����
PINK - FINANCE G I TY OF SA I NT �A lJ L
CANARV - DEPARTMENT
BLUE - MAYOR File NO.
Co cil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED that the following securities:
$300,000.00 FNMA Disc. Notes �k5519-B
Pledged as collateral to protect deposits of public funds of the City
of Saint Paul with Summit National Bank, 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 Nays
Fletcher Finance and Management Services
�e11"e [n Favor
Masanz
Nicosia 1,s
scheibel __�__ Against BY "'�`—
Tedesco
Wilson
�CiT � 4 1982 Form Approv it Att rney
Adopted by C ouncil: Date
Certifie � •sed by unc� Secre ry • � � BY
r
B� Yil��. •
Approved or: Date OCT i 8 198� Appr e by y r for u i sion to Council
BY - – BY
�'i��iISNE� 0 C T 2 � 19$2
� �7y�bb
. - � , . � � DEt ARTMENT: F inance
� . CONTACT: Gary Norstrem
ROUTING nryn EXPLANATION SNEET PHONE: �
IGREEN SHEET)
September 27,1982 Q� a
For Administrative Orders, Resolutions, Ordin ces and Agreem�nts
C�� l k°�.
�QUTING ORDER — ROUTE SY ASSIGNED NUMBER: CLj�EC�
DI TOR OF MANAGEMENT �� � � ��SZ
3 oR MAYpRS OFFICE
DEPARTMENT DIRECTOR DIRECTOR, FINANCE & MGT, SERVICES
2 CITY ATTORNEY _ 4 CITY CL�RK
3UDGET DIRECTOR
ACTION RE�L�FSTED �GLIP ALL LOCATIONS FOR MAYORAL SIGNATURE):
The passage of the attached resolution approves the securities pledged by
Summit National Bank to Protect funds of the City of St. Paul while held in said
bank.
WHAT I�IILL BE AGHIEVE� BY TAKING ACTtON ON TNE ATTACHED MATERiALS �PURPOSE AN� RATIaNALE)�,
MSA 118 required 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 governing body. �
RECEIVED
E,jPlANC2AL. BLDGETARY AND PERSONNEL IMPACTS ANTIGI°ATEn; -
OCT 1 1982
� CITY ATTORNEY �
_ __ - _ _ ..
ATTACHMENTS �LIST ALL ATTACHMENTS):
�, � Proposed council resolution.
2.
3.
eaae -tev.cew nueas.c.ty on a,ttacronent o .t e D� ouu.ng auppon,tcng cunren,Ls
D�an.�nent : - City A,ttor�ney: .
J. Counc,i.0 Reao�on Requ,in.ed? yFS NO 1. Reeo.Zu,t.�onP yES NO
2. Insurtance Reqa,in.edY VFS NO 2. Tr�unance Su$$�i.c,i.er�tY Y�S NO
3. Ir.eunartc¢ At.tached? yES .NO . .