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LAKE ELMO CITY COUNCIL MINUTES JANUARY 2, 1.990 PAGE 3 B. Designation of Official Newspaper The City's legal newspaper in 1989 was the Oakdale/Lake Elmo Review. The City has received a letter from Lillie Publications and from White Bear Press Publications expressing their interest in serving as the City's legal newspaper. Staff reported the Oakdale/Lake Elmo review has a circulation of 950 to 1029 for the entire paper with a guesstimate of between 200-300 circulation in Lake Elmo. The White Bear Press circulation in Lake Elmo is approximately 2,000. If residents do not get their paper, they are suppose to notify Editor Gene Johnson. Councilman Hunt believed, based on circulation basis, it would make more sense to adopt White Bear Press as the legal newspaper as it does reach over twice as many households in the City. Hunt added it has become apparent we need to improve the distribution of the City's Newsletter which needs to be made a priority for. 1990. When asked if there was money in the budget, Finance Director Banister .reported there was $500 in the budget for the Newsletter. Councilman Graves pointed out the Press' quoted price of $200 to print each copy of the City's Newsletter ($300 for 2200 copies). Now the printing of the Newsletter is being distributed, although erratic, by Lillie Publications at no charge. Graves suggested more frequent Newsletters because they were being done free of charge. Graves asked the Council to consider Lillie Publications as the City's legal newspaper based on the budgetary standpoint alone. Councilman Williams regarded the importance of the distribution of the Newsletter worth some money to get it out to the citizens. This could be tried for a year and, if it doesn't work, this can be addressed at the Annual Organizational meeting. M/S/P Hunt/Williams - to appoint Press Publications as the City's legal newspaper for 1990. (Motion carried 3-1: Graves). C. Selection of Official Depositories The City used the following six depositories in 1989 for placement of City funds in a checking account, in certificates of deposit for short term investments, and in bonds for long-term investments. Finance Director, Marilyn Banister believes these six depositories have provided good service to the City in 1989. State Bank of Lake Elmo Offerman and Company, Inc. Juran & Moody Company, Inc. Prudential -Bach Merrill Lynch Minnesota Municipal Money Market Fund (The 4M Fund)