275768 WHIT6 - CITY CLERK COU[1C1I ��Y Y ��
PINK - FINANCE �t
CANARY - DEPARTMENT G I TY O F SA I NT PA LT L
BLUE - MAYOR �
File N .
uncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESO�LVED, That the following securities
$200,000 - 10.80% Federal Home Loan Bank Bonds, due
March 25, 1985
pledged as collateral to protect deposits of publie funds of the City of
SainC Paul with Coa�►ercial State Bank of Saint Paul, hereby is suthorized,
ratified and approved, such having been done in conformance with the
applicable statutes of the State of Minnesota.
COUNCILMEN Requestgd by Department of:
Yeas Nays
Hunt � Fi and M Services - Treasur Division
t� In Favor
Maddox
McMahon 4�
snowalter __ Against
Tedesco
Wilso
Adopt y Council: Date
�CT 7 1�$Q Form Approved by it to ey
rtified Passe Counci cretary� BY
Ap d by ;Vlavor: � �QD�_ Appr v d y Ma r fo u ion C �ihcil
B BY
P� iSN�T) ��T � g +qQ�
�; m:�. �. ��--�'��w
, ry OM Ol_: 12/�75 , ,
• , • � �5 E� �� Rev.: 9/$/76 ;
EXP'LANATION OF ADNIINISTRATIVE t3�RDERS, . .
RESdLUTIQNS= A.ND ORDINANC�S
�
; �FcF� �
, oF'�'��� �sF�°,� ��
' Date: SepEesber 11, 1980 '�Irp �OA,QT O� S1 �.,i, �
T
Mq��FNryFO�� � �:
''' T0: MAYOR GEORGE I.ATIMER �� FNF�R�CTp,� �
�"�F � '
FR: Garq �. rorstrem, Dept. of �inance & I�at. Service• c�
RR: COU�CIL RE30�'.UTION APPR+OVING CO�LLATERAt.
� �C�� � '
� �,�-�: , E�3
. 1 � F���
�rq�.s
ncr�o� �cxr�.s�r�n: °�
.
The passag� of the attached reaolution approv�e tbe securities piedgsd '
by tha designated baak to protect faads of t�e City of Saint Paul whil� ' ` �
hald ia said bauk. ,
� : :
�
- �
,
�°�
PURPOSE AI�ID �tATIONALE FOR THIS ACTION: ;
. . . � ' . . . . . - .�3
. . � .� . � � . �- �:
M&A 118 requires collateral to prot�ct �ublic fnads and sets mut a prneedure �'
to be fail�ed in the haediing of said eollater�l ��tcluding the reqn�rareat
of Mpprovai by the goaerning body.
. � :;
�
, ,
. ATTACR�ITS: .
, j
� � _ _�
_ ,,
- Proposed Council Sesolutioa. , �
, . �.
�:r.- -.. CI'�'�.' C)�' �.A..IN'3' PAZTII
k
/C',��' !.-' - � .
f;r�� �!•�� '' ;s. OFFICE OF TIIE �IT�Z" C�IINCIL �����
�" :��,�z:, -�� ' -
:""'��\�y
�,-. ,.. ,..,.,,-• .�
� �r,;s��,._ ....
,:� ,
�� � Da t e : October 3, 15&0
���'y.
CD � �ilTT � � f� E Pt� F��`
T C? : Saint Pcrul Git� Counci!
FROI�t4 � COiT�RiO�'��'t? Ot1 FINA�VCE, MANAGEMENT & PERSO;VNEL
George McMahon , choi►-man, makes the �ollawing
reporf on C. F. � Ordir�unc�
��� �] Resalutior�
� OYhei�
TtTL� : �
At its meeting of October 2, 1930, the Finance Commi.ttee recommended approval
-of the following: � __
1 . Resolution approving payment of $10 per hour to members of the Human Rights
Commission while engaged in interviewing candidates for Human Rights Director.
(11261-GM)
2. Resolution amending Salary Plan and Rates of Compensatian Resolution to increase
the rate of pay for Parking Lot Attendant I. (1j353=GM).� __ .
3. Resolution providing insurance for Teacher Aides to comply with contract ��
negotiated between Teacher Aides and the Board of Education. (11354-GM}
4. Resolution to provide the 10� local share of the cost of the Tnfiltration/Inflow
Analysis of St. Paul Sewer System, estimated to cost approximately $25,000.
(11356-G��l)
5. Resolution approving collateral pledged by American National Bank ta prot�ct
city funds held in bank. (11369�GM) �.
V 6. Resolution
approv�ng collateral pledged by Commerc�al State Bank ta protect
city funds held in bank. (11381-GM)
7. Resolution approving budget amendments in Community pevelopment Biock Grant
Program Years I through VI.
CITY HAL.L SEVENTH FLOOR SAINT PAUL, h1INNESOT'A 55102
.r3 .> _,