271654 N'H17E - CITV CLERK COUI1C11 �,��s��
PINK - FINANCE GITY OF SAINT PAUL
CANARV - DEPARTMENT
BLUE - MAYOR File NO.
ouncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
$100,000 U. S. Treasury Bills, due June 26, 1979
pledged as collateral to protect deposits of public funds oE the City of
Saint Paul with Summit National Bank of Saint Paul, hereby is suthorized
ratified and approved, such having been done in conformance with the
applicable statutes of the State of Minnesota.
COUNCILMEN
Yeas NaS.s Requested by Department of:
utle B„�,. � Fina and . Services - Treasu Division
oz a �� [n Favor �
H t Hu�rt � - _-
L 'ne � _ _ Against �
e ler �.
lve ter g�
edes T�� AUG � r is�$
Form App ove by City t y
Adopted b � ounci Date —
.
Ce ied P � by� C uncil Sccretar BY
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By
A ro ed by Mayor: Date
pU6 2 i ���� Appr ve by Mayor for Submi s o o C�uncil
gy B
�ue�usHEO AUG 2 61978
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$XPZANATION OF AD�tINISTRATIYB ORDEIiS,
x�soz.vrioNS, Arrn oRn�rrc�s RECEIV�� � �
,
. _, : AUG 4197� ;
` GITY AT I�t��iVEY
Date: Augnet 2, 1978
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TOY MAYOR GEORGE LATIMER
FR: Gary 8. Norstrem, Dept. of Finance & Mgmt. Services � E C E � V E �
as: c�vrtcu. a�saLVriop Apr�avu� coi.�nrE�. AUG 4 1978
�� �
�c�e�o�t �qvES�n:
. The paeaage of the� attached resolution spproves the securitiea pledged
�by tt�a desigaated bank to protect funds of :the City of Ssint Faul �hile
held im said bank.
Pt�tPOSIt AND RATI4I�ALE FOR T�iIS AGTION:
KSA 118 requires collateral to protect public #unde and aets out a pr�ceduri�
to be follo�red in the handling of said collateral incladi�g the reqeiiresimnt
of upproval by the gonerning body.
` A1TAC�IENTS: ,
Proposed Couacil Btsolutioa. ,
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,`��,' 4.� 'f�'� Date ; August 14, 1978
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C � �'�� ��� � I I � � �i � � � �: � �
T O : Sain7 �'aul Ciiy Council - .
F F� O � � C 0 Ci'l�l!'�7�� 0 I1 F NANCE, MANAGEMENT AND PERSONNEL
RUBY HUNT ,� Qifman, m�kes the fol lo�.ving
report on C. F. C] Ordinance
(11) Q Reso(ution
� � �] Oth er
� tiL� : �
The Finance Committee at its meeting of August_ 14, 1978 took the following action:
1 .. Recomnended approval of the resolution on funds eligible at this time
for the diseased tree program. .
2. Recommended approval �f the resolution providing an additional appropriation
of $300,000 for Workmen's Compensation. It was further recommended the City
Attorney appear at the next meeting to provide background information on the
processing of claims.
3. Recomnended approval of resolution providing supplemental appropriation of
$219,000 for computer services furnished by Ramsey County.
4. Recommended approval of six personnel resolutions. (Items 5 through 10).
5. Recommended approval of two resolutions approving collateral to protect
. public funds. .
Cf'CY HAI.L SEVENTH FLOOR SAItiT P:1LiL, 1Ii\\:SOTA SSiO?