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"k d LOWER RUM RIVER WATERSHED MANAGEMENT ORGANIZATION July 21, 1994 CALL TO ORDER Chairman Steve Jankowski called the meeting to order at 9:27 a.m. in the Committee Room of Anoka City Hall. ROLL CALL Voting members present were Steve Jankowski, Ramsey; Todd Haas, Andover; and John Weaver, Anoka. Absent: Ben Ferguson, Coon Rapids. Also present was Anoka alternate Ray Schultz. CONSIDERATION OF THE MINUTES Motion was made by Weaver, seconded by Haas, to approve the June 16, 1994, regular meeting minutes as submitted and the June 22,1994 minutes with a correction to the tenth paragraph on Page 4 to indicate: "Haas pointed out that because of the Scenic River Ordinance rules, the cities would be involved with any erosion control along the Rum River." Vote: 3 ayes, 0 nays. Motion carried. TREASURER'S REPORT Knutson presented the Treasurer's Report for the period ending June 30, 1994. Account balances for the period were: Checking, $10.00; interest bearing savings account, $5,696.57, less permit account balance of $5,506.60, for a total available savings account balance of $1,072.31; and certificates of deposit totaling $22,000.00; for a current total balance of $28,588.91. Motion was made by Haas, seconded by Weaver, to accept the Treasurer's Report for the period ending June 30, 1994. Vote: 3 ayes, 0 nays. Motion carried. Knutson noted there are two Certificates of Deposit (CDs) coming due. He explained that other financial institutions are now offering better investment rates and suggested the LRRWMO consider adding additional financial institutions to Resolution 94-1. It was noted that currently only First Bank/Anoka and the 4M Fund are included in the resolution. He recommended that Investor Savings Bank and Twin City Federal be added. Weaver supported allowing opportunities to investigate for better investment rates and to include other financial institutions to broaden the opportunity. Motion was made by Weaver, seconded by Haas, to amend Resolution 94-1 to include First National Bank of Elk River/Anoka Branch, First Star, Twin City Federal and Investor Savings. Vote: 3 ayes, 0 nays. Motion carried.