HomeMy WebLinkAboutResolution 17-01 Designating the Official DepositoriesCITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
January 11, 2017
No. 17-01
A RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORIES FOR THE
CITY OF FALCON HEIGHTS
BE IT HEREBY RESOLVED, by the city council of the City of Falcon Heights
that the following financial institutions be designated as depositories for funds of
the City of Falcon Heights:
US Bank System, LMC 4M Fund (checking account)
US Bank National Association
Morgan Stanley Smith Barney, LLC
Wells Fargo Advisors, LLC
Minnesota Municipal Money Market Fund (4M and 4M Plus Funds)
PMA Securities Inc, PMA Financial Network Inc (4M and 4M
Plus Investment Pools)
Wells Fargo Securities, LLC
BE IT FURTHER RESOLVED that the City Administrator and/or Finance
Director is authorized to deposit general and other funds therein and make
investments and transfers of funds for the City of Falcon Heights. Collateral shall
be furnished by the financial institutions as required by law.
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Moved by: ��. , Approved by:
Meter Lindstrom
LINDSTROM I— In Favor
GUSTAFSON
HARRIS Against
BROWN THUNDER
FISCHER
Mayor
Attested by:
Sack Thongvanh
City Administrator