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CouncJ. lmemh~;~ ~"~,?: introduced the following resolution and moved for its <br />adoption ,~ <br /> <br />RESOLUTION #86-1 <br /> <br />RESOLUTION DE~)Gk~ATING FINANCIAL INSTITUTIONS AS OFFICIAL DEPOSITORIES OF CITY <br /> <br /> W}{E:.,,P%~!~ the City of Ramsey must designate certain financial institu- <br />tions as offj,:'ja't de~_ositorie,,~ of City funds in accordance with M.S. Chapter <br />427.01 and ,i~'/~[g,:~ <br /> <br />N~ ~]ERE~.,.)~[~ )~ IT RESOLVED BY %~E CITY COUNCIL OF ~]]E CITY OF RAMSEY, ANOKA <br />COUNTY., STA_"~: ,'-)P M.INNESO~A, as fo/lows: <br /> <br /> ]) ~i'i~,~'~:' the City of Ramsey hereby appoints the Northern Bank of <br />Anoka as t!'~ o::) ?(ddt depository of its checking account and savings account. <br /> <br /> 2) 'i%~t' t~e City of Ramsey hereby appoints the following financial <br />institutJ¢:.n~ ,~.~ ~e~ositories of City funds: <br /> <br />First National Bank of Anoka <br />First National Bank of Minneapolis <br />~k)rwest Bank of Minneapolis <br />.~J.n City Federal Savings and Loan <br />Minnesota Federal Savings and Loan <br />Dain Bosworth, Inc. <br />/~nerican National Bank <br /> <br /> .~) '.! '}: ~ ~. ].:. the City of Ramsey will place its investments with the <br />highest b:~d .'~!c~o.md from any of the above designated depository institutions. <br /> <br /> 4) '.!~qt: a o:apy of this resolution be furnished to the City's Finance <br />Officer f~, i.~ ::ecords. <br /> <br />The motio~ :fc~} I.~e a(~o.ption of the foregoing resolution was duly seconded by <br />Counci]me~tfl;~e~ ,~;,hlueter and upon vote being taken thereon, the following voted <br />in favor '{L.,e~(~ol!~ <br /> <br />and l-l".~e fc(I J.c~-/i~,~ voted against the same: <br /> <br />whereupon ?~,~d ~eso].ution was declared duly passed and adopted by the Ramsey <br />City Count;j] 't:h'~s the 14th day of January., 1986. <br /> <br /> <br />