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Councilmember Beyer introduced the following resolution and moved for its adoption: <br /> RESOLUTION #92-01-009 <br /> <br />RESOLUTION DESIGNATING FINANCIAL INSTITUTIONS AS OFFICIAL <br />DEPOSITORIES OF CITY FUNDS FOR 1992 <br /> <br /> WHEREAS, the City of Ramsey must designate certain institutions as official <br />depositories of City funds in accordance with M.S. Chapter 118.005. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) That the City of Ramsey hereby appoints the following financial institutions as <br />depositories of City Funds: <br /> <br /> First Bank Anoka <br /> Anoka, Minnesota <br /> <br /> First National Bank of Elk River <br /> Elk River, Minnesota <br /> <br /> Northeast State Bank <br /> Minneapolis, Minnesota <br /> <br /> First National Bank of Minneapolis <br /> Minneapolis, Minnesota <br /> <br /> Dain Bosworth, Inc. <br /> Minneapolis, Minnesota <br /> <br /> Shearson Lehman Hutton <br /> Minneapolis, Minnesota <br /> <br /> First National Bank of Elk River Investment Center <br /> With brokerage services provided by: <br /> Primevest Financial Services <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Peterson and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Gilbertson <br /> Councilmember Beyer <br /> Councilmember Peterson <br /> Councilmember Cich <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> Councilmember Hardin <br /> <br /> <br />