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C. Designation Of Official Depositories For 2001 <br />Finance Director Marilyn Banister recommended a change to the Official <br />Depositories that were designated in 2000. They are: the Lake Elmo Bank, <br />Royal Alliance Assoc., Inc., (Franklin Fund), Paine Webber, Prudential <br />Securities, Merrill Lynch, Minnesota Municipal Money Market Funds (4M <br />Fund), Smith Barney and Juran & Moody (new designation). Staff <br />supported the recommendation of the Finance Director. <br />NUS/P Siedow/DeLapp — to designate: The Lake Elmo Bank, Royal Alliance <br />Association, Inc., (Franklin Fund), Paine Webber, Prudential Securities, <br />Merrill Lynch, Minnesota Municipal Money Market Funds (4M Fund), <br />Smith Barney, and Juran & Moody as the City's official depositories for <br />2001. (Motion passed 4-0.) <br />D. Resolution No. 2001-02 Designating Signatures For Payment Of City <br />Funds At The Lake Elmo Bank <br />Following every election, the City must notify the Lake Elmo Bank who has <br />been authorized to sign checks for payment of funds by the City. State <br />Statute requires that the Mayor sign all checks, as well as the City <br />Clerk/Administrator, and/or an appointed designee. <br />M/S/P DeLapp/Siedow — to adopt Resolution No. 2001-02 authorizing <br />signatures for payment of funds -from the Lake Elmo Bank. (Motion passed <br />4-0.) <br />E. Appointment of City Engineer <br />In his letter dated December 21, 2000, Tom Prew expressed his interest in <br />reappointment as our City Engineer and provided a brief overview of the <br />projects he worked on and some potential projects for 2001. <br />Greg Stonehouse, Howard R. Green Company, expressed interest, in a letter, <br />to provide engineering services to the City. The City has worked with <br />Howard Green Co, and they do a good job, but the Council thought <br />continuity is important, and appreciated the extra research Tom Prew has <br />done. <br />LAKE ELMO CITY COUNCIL MINUTES JANUARY 2, 2001 3 <br />