272261 WHITE - CITV CLERK I�
PINK - FINANCE GITY OF SAINT PAITL COUIICIl � �����
CANARV - DEPARTMENT +Z
BLUE - MAVOR File NO•
Council Resolution
Presented By
Referred To Committee: Date —
Out of Committee By Date
RESOLVED, That the following securities
$375,000 - 7�% U. S. Treasury Notes, Series K-80,
due January 31, 1980
$700,000 - 7.125% U. S. Treasury Notes, Series W-79,
due November 30, 1979
pledged as collateral to protect deposits of public funds of the City
of Saint Paul with Northwestern 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
Yeas Nays Requested by Department of:
Butler � Finance M Services - T easur Division
Hozza In Favor
Hunt , J
Levine _ V _ Against BY
Roedler
Sylvester
�O �C 2 4 �� Form Approved Cit Att ey
Adopted bv uncil: Date —
Cert ed Pas }' Coun Secretary By
� �
�
Y
A r d by :Vlayor: D t _ C. 7 �q�_ Appr v d y Mayor for Su m' io to Council
By BY
Pt�BLISt�ED DEC 3 0 1978
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� ��� � CITY OF SAINT PAUL ����
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��1 ',� OFFICE OF THE CIT'..' COIII�'CIL
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`':� __ -*� Da t e : December 18, 1978
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COMfViITTEE �3EP4R�'
T0 : Saint Paul City Council
F R O M � C o m m i f t e e 0 R.FINANCE, MANAGEMENT AND PERSONNEL
� l;.
RUBY HUNT � �'h'airman, makes the foilowing ,
report on C.F. � C] Ordinance �
(4) Q Resolution
►
[� Other - X
,
- . T tTLE :
The Fi nance Corr�ni ttee, at thei r meeti ng of December 18, 1978, �recorrmended
approval of the following: .
� 1 . Resolution concerning severance. pay to enable city employees to be �
� eligible for severance pay if they retire at age 65 or older after
the new retirement age of 70 becomes effective.
. 2. Resolution approving the securities pledged by the designated bank�to
protect funds of the City of St. Paul while held in said bank as
required by MSA 118.
3. Resolution refunding per diem payments from the Mpls.-St. Paul Metropolitan
Airports Commission received by Councilmen Hozza and Tedesco which were
turned over to the city. �
4. Resolution to transfer $4,500 to employ consultant, Topp Robertson, for
,data processing assistance for the City Council .
The Finance Corr�nittee at their meeting of December 4, 1978 recomneaded
, approval of the Resolution by inserting in Section 6 under�tfie�heading -
Subprofessional Group. the title Housing Technician III in Grade 38 and
by inserting the specifications for the title in Sect�on 49 of the Civil
Service Rules. Resolution has been returned to the City Clerk's Office.
' CTTY HALL . SEVENTH FLOOR � 3A1NT PAUL, MINNESOTA SS102
1
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' . r ` , +aM 42: 12JI9T5
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� ����:•'�:�i� g�'$/76
, ,
EXPLANATION OF AD�III�ISTRATI1i'$ ORDERS, p�
, RESOLUTrONS, AND a1�DINA�tG�� R��;E f���
' DEC � ��
RECEIYE�
�ate: D+e�a�ber s; 1978 _g 997� t+�� i /�TTa��,�j( ::
. DEC -
Tth: MAY4R GEORGB LATIMEB �X�t+���'Ftc.E .
F8: Gary R, poratr�,' Dept. �f Finance � Mgmt. �ervices �
,.
R�: C4IJNCZL RSStX.VrION APPROwII�G CO�.LATSRAL
AC'fi�E�i,:AEt�TBSTED: �
:Tbe passage of the attached resolation approves the secaritf.�r pledg�d
bq th� desigaated b�nk to protect funds of the Citq of Saint Aaal a4ile
held in aaid bank. , �
;�,
,P�P�?SE A�ID RA�O�I.B FOR TBIS ACTIO�i:
: s
MSA 118 requires collateral to protect public funda and sats out a'p:*ocedure
tQ be follow�d in. tha lundling of aaid collafieral 1aclndtng the requir+�nt
_ o� aPProval by the goveraing bodq. _. ,;.
l�TTAt�S�b�S:
. � ' ' . . , , . . . " . � . . � � � � . .. . . 4, '.
- �ropo:�d cotmcil aeaoiutioa.