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Cotmcilmcmb,~r 1 )cLuca introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #89-09-243 <br /> <br />RES()L'OT!'(}N FOR DESIGNATION OF ADDITIONAL OFFICIAL DEPOSITORY <br />OF (. TY F~JND$ FOR CALENDAR YEAR 1989 <br /> <br /> %HEREAS, the Ramsey City Council adopted Resolution #89-01-2A on the <br />10th day o~; .l:~t~ary, 1989 that designated financial institutions as official depositories of City <br />funds; and <br /> <br /> ~A¥tlEREAS, the Finance Office has been receiving quotes from the firm of <br />~hcarsoa [~(~,n~,.~:~ [{utto~l; and <br /> <br /> WHEREAS, the firm of Shearson Lehman Hutton is not designated as an official <br />depository ~:i' ( '.J~y funds in accordance with Minnesota Statutes Chapter 118.005. <br /> <br />NOW TiiEI{EFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF 14tAMSE-~¥~ ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 11 That the City of Ramsey hereby appoints the firm of Shearson Lehman <br />ltutton, St. [q~ ~1, 'Minnesota, as depository of City funds. <br /> <br />The motion i'o:' thc adoption of the foregoing resolution was duly seconded by Councilmember <br />Peters(m a)~,t t~!)t>t~ vote being taken thereof, the following voted in favor thereof.' <br /> <br />and thc: fbll., wi~q; ,/oled against the same: <br /> <br />and thc foll{,wi ~5-, :al}stained: <br /> <br />and thc follr ~xvi,~); were absent: <br /> <br />('.( tin; Jl~-cntbe~ rich <br />(~£ LIH¢:iItIICiIIbOl Pearson <br /> <br />whcreupo~ >,~> ici ~'c~;olution was declared duly passed and adopted by the Ra~msey~4ty~Council this <br />tile 12th d%, ,>1: Sc9!ember, 1989. ~~ ~~~~~~~Y~~ <br /> "Mayor ~ g - q <br /> <br />A~I'q'EST: <br /> <br />City Admi n it;1 ['a [()r <br /> <br /> <br />