2003 Feb -Dec - Laserfiche WebLink

Home Browse Search

Mounds View City Council February 10, 2003 Regular Meeting Page 7 Finance Director Hansen indicated it was not practical to bring all investment decisions to Council as Staff has money to invest and calls brokers to determine what is available and has to make a decision immediately as later in the day those options may not be available. Council Member Stigney asked what type of investments were being made. Finance Director Hansen indicated he buys commercial paper mostly and some federal agency. Council Member Marty stated he would like clarification on Finance Director Hansen's reference to commercial paper and federal agency. Council Member Stigney asked how often this happens. Finance Director Hansen indicated that it is sometimes once or twice per month and other times five or six times per month. Council Member Stigney commented that for those few times the Internet should work. Finance Director Hansen indicated it is not just what is happening today it is what is going on in the economy. Ayes - 1 (Stigney) Nays - 4 Motion failed. Council Member Marry indicated that the Claims list seemed short for this meeting. Finance Director Hansen indicated there were two different reports, one dealing with bills charged back to 2002 and a longer one for 2003 and, put together, it was about an average report. MOTION/SECOND: Marty/Gunn. To Approve Just and Correct Claims as Presented. Ayes - 4 Nays - 1(Stigney) Motion carried. 7. CONSENT AGENDA A. Licenses for Approval B. Resolution No. 5939, Approving the Purchase of a Replacement Dump Truck C. Resolution No. 5940 Approving the 2003 Seasonal Public Works Positions D. Resolution No. 5941 Approving the 2003 Seasonal Golf Course Positions E. Resolution 5946 Establishing the YMCA Advisory Executive Committee F. Resolution No. 5949 Authorizing the Disposal of Obsolete Computer Equipment G. Resolution No. 5951 Granting aOne-Day Charitable Gambling Permit to the New Brighton/Mounds View Rotary Council Member Many requested that Items E and F be removed for discussion.