279268 �NHITE - CITV GLERK �� /���7�Y(
PINK - FINANCE GITY OFI SAINT PAUL Council � �U
CANARV - DEPARTMENT
BLUE - MAVOR
File N .
Counci Resolution
Presented B ���� � �
Y
Referred To I Committee: Date
Out of Committee By Date
RESOLVED that the follo�p' ing securities:
$100,000 U.S. Treasu�$y Bills due November 18, 1982, ��2053
$100,000 U.S. Treasu�y Bills due November 18, 1982, ��2030
Pledged as collateral to protectldeposits of public funds of the City
of Saint Paul with Summit Nationa�l Bank, hereby is authorized, ratified
and approved, such having been dqne in conformance with the applicable
statutes of the State Of Minneso�a.
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COUNC[LMEN Requested by Department of:
Yeas Nays I
Fletcher F' and Mana ment Services
�evine (n Favor I
Masanz
Nicosia
scheibel _ __ Against BY
Tedesco I
Wilson
Adopted by Council: Date
SEP 2 8 1981 Fo�m A ro d by ity Attorney
Certified P s-e y Counci ecr r}r i By �
` OCT 1 ��1 II App v d by Mayor f r b i ion to Council
tap by Ylavoc Da —
By _ — B
��IB�ISHED 0 C I � 1982 I
. � DEPARTMENT: Fina�ce �"��2��
� Gar Norstrem
` � ROUTING ANn EXP NATION SHEET CONTACT:
• IGREEN SHEET) PHONE: 70 16 ,
August 27, 1982 ,g — ��o �
For Administrative Orders, Resol tions, Ordiaances and Agreements
RQUTING ORDER - ROUTE BY ASSIGNED NUM9ER: . . �IU G � 1 1982 �
DIRECTOR OF MANAGEMENT '
��R Ci ATTORNEY
DEPAR7MENT DIRECTOR DIRECTOR, FINANCE 8 MGT� SERVIC S
2 CITY ATTORNEY . 4 CITY CL�RK I
I
3UD6cT DIRECTOR �
R�CEIVF�D
` F S�� 1 i�8��
The passage of the attached resolutinn pproves the securiti�¢A���� E
Summit Natianal Bank to protect funds o the City of St. PauY'wh e e n said bank.
T � 7�
MSA 118 requires collateral to protect ublic funds and sets out a _proced�re
to be followed in the handling of said ollateral inc�uding the requireme�t of
approval by the governing body.
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None.
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ATTACHMENTS �LIST ALL ATTACHMENTS): I �
1 �Proposed Council Resolution
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2.
3.
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N eaae •t¢v.cew nec¢,as.c,ty �oa ent op .t e Do ouu.ng 6uppoR.tcng cum¢n.ta
Depan.bnent : , Ci,ty Att.onney; '
i. Counc.i,L Reaoeu.ti.on Reqwi.t¢d? YES NO 1. Reao.tuzi.onP YES I NO
2. Insuna►:ce Req;�,ined? VF.� NO 2. Inewcance Su5$.i.c,i.en.t.' YES I NO
3. Ir.,aunctnc2 A,Ltached8 YES .NO I
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CITY OF ►�AINT PAUL � �
e1���t���n OFFICE OF THE CITY COt�77T7��L ���E�
.:j�' c�"�
I��2�,R r
r,t � �r �?
,';!,F'F?��S � L
JAMES SCHEIBEL ! ^` !',; � OJ'� „
Councilman . C' 1'3(M/�/ r"�
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TQ; Counc�,l MemT�ers
FROM: J'Xm S r.fieibe 1 �
RE: Council Resolutions Submi.tte� Without Committee Recommendation
Attached are the green sheets e laining resolutions being refexred
by the Finance Committee to the ouncil without recommendation. The
resolutions involve routine ma.tt rs and were not passed upon in
Committee because of time constr ints and the need to address other
important matters. Please review the sheets, and if there are c{uestions
contact me or the appropriate ci�y staff.
Thank you.
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CITY HALL SEVENTH FLOOR i SAINT PAUL, MINNESOTA 55102 612/298-5679
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