HomeMy WebLinkAbout07-01 official depositoriesCITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
January 10, 2007
No. 07-01
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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
RBC Dain Rauscher
Smith/Barney Citigroup Global Markets, Inc.
Wachovia Securities (formerly Prudential)
Minnesota Municipal Money Market Fund (4M Fund) and (4M Plus Fund)
MBIA Municipal Investors Service Corporation
Wells Fargo Brokerage Services, LLC
BE IT FURTHER RESOLVED that the City Administrator or Finance Director is authorized to deposit general and other funds therein and handle 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: ________________________
Susan L. Gehrz, Mayor
January 10, 2007
GEHRZ ____ In Favor Attested by: ________________________
KUETTEL Justin Miller
HARRIS ____ Against City Administrator
LINDSTROM January 10, 2007
TALBOT