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LAKE ELMO CITY COUNCIL MINUTES JANUARY 3, 1995 4. PUBLIC INQUIRIES/INFORMATIONAL: A. Public Inquiries -None B. TMT Recycling Mike Maroney of TMT Recycling announced a rate reduction of $10/ton ($80 instead of $90) for recyclables picked up in the city. TMT Recycling will keep the reduction as long as the markets remain high and hopes that to be for at least six months. C. Proclamation for Jaycee Week MAYOR JOHN PROCLAIMED THE WEEK OF JANUARY 15 TO 21, 1995, AS JAYCEE WEEK AND URGE ALL CITIZENS OF OUR COMMUNITY TO GIVE FULL REGARD TO THE PAST AND CONTINUING SERVICE OF THE JAYCEES OF LAKE ELMO 5. ANNUAL ORGANIZATIONAL MEETING: A. Appointment of Acting Mayor Each year the City Council elects a council member as Acting Mayor. The Acting Mayor presides over meetings in the Mayor's absence, or represents the city at other official functions. M/S/P John/Delapp - to appoint Karen Johnston as Acting Mayor of the Cityof Lake Elmo. (Motion carried 5-0). B. Designation of Legal Newspaper M/S/P Johnston/Conlin - to appoint the Stillwater Gazette as the City's legal newspaper for 1995 based on the fact that it is a daily publication and allows the City to provide a quicker response to applications. (Motion passed 5-0). C. Designation of Official Depositories The City used the following depositories in 1994 for placement of city funds in a checking account, in certificates of deposit for short-term investments, and in bonds for long-term investments. The Finance Director believes these depositories have provided good service to the City in 1994. M/S/P John/Conlin - to designate the Lake Elmo Bank, Royal Alliance Association Inc. (Franklin Fund), Paine Webber, Prudential Securities, Merill Lynch, Minnesota Municipal Money Market Fund (4M Fund), Kidder -Peabody and Smith Barney as the city's official depositories for 1995. (Motion passed 5-0).