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Mounds View City Council January 10, 2005 <br />Regular Meeting Page 8 <br /> <br /> <br />A. Resolution 6423 Selection of the Official City Newspaper, Acting Mayor, <br />Treasurer, and Official Depositories for 2005. <br /> <br />Desaree Crane stated that that this item is before the Council every year, and she had spoken with <br />Finance Director Hansen to ensure that the depositories are still correct, and they are. She stated <br />she chose The Bulletin because it was still cheaper. She stated the treasurers are assigned as they <br />were in 2004. <br /> <br />Mayor Marty stated that in the past they have gone back and forth between The Bulletin and The <br />Focus since they were pretty close as far as charges. He asked if the St. Paul Pioneer and Press <br />had submitted a bid in writing. <br /> <br />Ms. Crane stated that it was hard to get a bid from either The Star or the St. Paul Pioneer and <br />Press. <br /> <br />Director Ericson stated he didn’t feel that was issue since in the previous years they had not had <br />to utilize the secondary newspaper for anything. He stated he did not feel it was imperative to <br />seek out quotes from the Pioneer Press and Star Tribune, as they may not respond. <br /> <br />Mayor Marty asked whether they had submitted one in the past. <br /> <br />Ms. Crane stated that they had not. <br /> <br />MOTION/SECOND: Gunn/Flaherty. To adopt Resolution 6423, Selection of the Official City <br />Newspaper, Acting Mayor, Treasurer, and Official Depositories for 2005 as presented. <br /> <br />Council Member Stigney asked who was authorized to conduct banking and investments. He <br />asked if there was a check and balance so it was not one individual doing it on their own. <br /> <br />City Administrator Ulrich stated that the document he was familiar with required two signatures. <br /> <br />Finance Director Hansen stated that the checks go out with one signature. He stated that <br />contracts very often require two signatures. He stated that a lot of the financial transactions <br />are done with a single signature, and that it would become cumbersome to have to have two <br />signatures for some things. <br /> <br />Council Member Stigney stated he thought the investment business should come before <br />the Council rather than one or two people. <br /> <br />Finance Director Hansen stated that the investments are done during the day, and investments <br />wouldn’t be honored Tuesday morning if taken before the Council on a Monday night. <br />Mayor Marty stated that he would feel comfortable with having two signatures on investments <br />rather than one. <br />City Administrator Ulrich suggested they take some work session time to look at the City’s