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