277287 _ _
WHITE — CITY CLERK ^ yyyyyey
PINK - FINANCE (�}�F'7• .Q�
CANARY — DEPARTMENT COUIICII , � � r f-�
BLUE - MAYOR I TY OF SA I NT PAU L File NO. P`i �i a ��v �
u i esolution
Presented
Referred To Committee: Date , —
Out of Committee By Date
RESOLVED, That the following securities
$200,000 - U. S. Treasury Bills, due
August 20, 1981
pledged as collateral to protect deposits of public funds of the
City of Saint Paul with Summit National Bank of Saint 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 �� Fina e an M . Services - Treasuzy! Division
Levine [n Favor
Maddox
McMahon � A 8111S1 � ��
Showalter g
T�,es�o AUG 1 8 1981
wlson
Form Approved City A orney
Adopted by Council: Date
Certified P s_ d by C uncil ,ecret BY
B
App by Mayor. Date AuG 9 1981 Ap o e by Mayor for i55ion to Council
By _ BY
pll3lfSHED AU G 2 9 1981
. . '.: "OM Q3: � 12/ 3�� �
.y . ; R�v. : 9/8 ,7�� .
. - _ . .,
; . Rev, s 5f7 $�
; EX�LANATION 0� `•�DMINIS',C'�{7�TTVE t)RDE�25, P.�v. : 3' 1
. RES4LUTIC)!tvS AN� OR xNANCE°,�= ' �, /11 ���� �gl� 135'
. '��VE�
AUG 31981 R�CEI� �
� �.�at�: �.r�xy;��, is$i . ���Y AU� � 198
��� I�����
� MAYORS O�F1 E
, - . �..`
TO. ; �a�or 6eorge LaCimer
FROM:. Gax�r R. �orsrr�, Dept. of ��iaa�e�e b t��raC� 8ervices� �
R�: CO�CII. R8S!'�[��'!'7�'11 AYY"�pVll� �,ATERAL .
,-ACTION REQUESTED:
. 1'b�� passage of the attar.�ed xe�olutian a��n►as �Ehe s�cari'�ies pledged ;
: by Suiaeit National Bank � proteet fun,ds; b� tlte City o� S�fnt Pae�1
��;le hald" ia ssid baak.
_ , , . , ;.
; FURPOSE ANA;:.RA.TIONALE F�R "�HIS �T�ON: - . . �
�:.
• I� 11l� req�tires c��:lsteral ta p�ib�act }�ab�ic f�s and stts :o�►t a
' p��dare to b� fo��ciwd in. tba �ndling:;pf a��.d �ollat�ral incliw�iR�
- �l�s reqair��nt �f approva.l by tti� gc��i�i�g �t�y. • � `
, {;
FI?�ANCxAL I1+4PACT: .
_ �tmt. .
- �E�EIVED:_ .
r���[.,��� �9�� '
. o�xicE oF rH�
DEPARTMENT DIRECTpR
,Afyp dF FtNqNC�
, ti�AGElyEN7 S�1C�
, ATTACHMENTS: .
Pre►po�ed Ew�cil Se�alation. �
-- , . . �I'.�Y OI' SA�N'T' �.A.'UL �
� �_ �. �����
�(,;,' � " a,.� O��I+'ICE OF THE CITY GOUNCIL ,�,,A .� ,�� .; �
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f� ,�,4�, .t .
. ��..r•.- �.. -
xa •�a•i�..»�• .
�"�"���o-`� Dqte ; August 13, 198i
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... co � � ��i� � � � � o��� -
-� p : Soin� Paul City C.flun�ii .:,� - _
�R O� • C O rC1 I'1'����e� O�1 FINANCE, MANAGEMENT & PERSONNEL
George McMahon � chairman, makes the foilowrng �
� ..� Ordinance
report on� C.F. -
� (4) [� Resolufion .
� Other �
TI�'L� : .
At its meeting of August 13, 1981, the Finance Committee recommended approval __
of the _following: - --
V yl, Resolu�ion approving issuance of a $1,085,000 tax exempt mortgaqe note by the
Port Authority to finance construction of two-story office and warehouse on
Lafayette Frontage Road for Durino Partnership (Sublease to Collins Commsnications
Systems Co.) (12174-McM)
2, Resolution approving issuance of revenue bond by Port Authority for approximately
$1,520,000 to finance construction of office building and. shop facility in
� Riverview Industrial Area West for Carl Bolander & Sons Co. (12173-McM)
3. Resolution approving execution of City/School District Operating Agreement
for 1981. (Requested by Finance Department) (I2�59-McM)
4. Resolution approving collateral pledged by Summit National Bank to protect city
funds held in said bank. (Requested by Finance Department) (12178-McM)
,
CI-ry H�LL SEVE?�iTH FLOOR SAINT PAUL, titI.�`ESOTA �iIO2
,._��.� .