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January 4, 1982 <br />OFFICIAL DEPOSITORY <br />12 <br />Mr. Schumacher had prepared a list of depositories that he would like to <br />be able to use for investment purposes depending on the interest rate at <br />the time of the investment. He would recommend that the First State Bank <br />of Hugo, Lino Lakes Branch be retained as the Official Depository of the <br />City. <br />Mr. Reinert moved to approve the First State Bank of Hugo, Lino Lakes <br />Branch as the official depository and the list prepared by Mr. Schumacher <br />to be used for investment purposes. Seconded by Mrs. Elsenpeter. Motion <br />carried unanimously. <br />BONDING AGENT <br />This position was tabled to be considered at the meeting on January 11, 1982. <br />COUNCIL LIAISON <br />Ways & Means Committee to deal with Personnel & Financing. Mr.Kulaszewicz <br />moved to establish this Committee. Seconded by Mrs. Elsenpeter. Motion <br />carried unanimously. <br />Mr. Kulaszewicz - Police Department <br />Mr. Reinert pointed out, that even though there is a Council Liaison, Mr. <br />Schumacher should alto continue to attend the Planning and Zoning Board <br />meetings. <br />Mayor Benson - Roads - Ways & Means <br />Mr.. Marier — Ways & Means <br />Mrs. Elsenpeter - Parks & Cable TV <br />Mr. Reinert - Charter Commission - Planning & Zoning <br />Mr. Marier moved to approve these appointments. Seconded by Mr. Reinert. <br />Motion carried unanimously. <br />DISBURSEMENT <br />Mr. Kulaszewicz moved to approve the disbursements as presented. Seconded <br />by Mr. Reinert. Motion carried unanimously. <br />Mr. Reinert asked to speak on a budgetary matter - since the status of the <br />State Aid is in doubt - he suggested that a temporary freeze be put on all <br />purchases of equipment and capital outlay until this matter is settled. <br />Mr. Reinert asked the City Administrator to prepare a statement reflecting <br />the impacy of reduced aids on some of these things that he had referred to. <br />Mrs. Elsenpeter pointed out that all the capital expenditures for equipment <br />is not based on anticipated receipts from the State. These purchases are <br />covered by Certificates of Indebtedness that have already been issued and <br />this money can only be used for those purchases. <br />Mayor Benson requested that the City Administrator prepare the packets for <br />delivery no later than Wednesday, if Monday is a Holiday, no later that <br />Thursday. <br />Mr. Marier moved to adjourn. Seconded by Mr. Kulaszewicz. Aye. 9:10 P.M. <br />