HomeMy WebLinkAboutResolution 21-01 Designating the Official Depositories for the City of Falcon HeightsCITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
January 13, 2021
No. 21-01
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
Wells Fargo Advisors
Minnesota Municipal Money Market Fund (4M and 4M Plus Funds)
PMA Securities Inc, PMA Financial Network Inc (4M and 4M
Plus Investment Pools)
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 in accordance with the City's Investment Policy
for the City of Falcon Heights with Council approval. Collateral shall be furnished
by the financial institutions as required by law.
Moved by: 1 n/ eh Q e Approved b (�
V v y dall C. Gust n
Mayor
GUSTAFSON 4 In Favor
LEEHY
MIAZGA 0 Against
WEHYEE
ANDREWS
Attested by:
Sack Thongv
City Administrator