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RESOLUTION NO. 1977 <br />CrTY OF MOUNDS VIFW <br />COUNTY OF RAMSFY <br />sfATE OF MINNESOTA <br />nnavLui i,i(v APPRt)VINi, SF.i uRi i ir,:i FuniiISHED BY THE FIRST <br />STATE: BANK OF NEW BRIGHTON <br />WHEREAS, the City Council of tho City of H;unds Vic•• has <br />designated the First State Bank of New Brighton as a <br />depository of City funds; and <br />WHEREAS, Minnesota Statutes 118.01 require that a <br />municipal depository provide securities for collateral; and <br />WHEREAS, the First State Bank of New Brighton has <br />proposed deletion of the following security from being pledged <br />as collateral; and <br />amount <br />description <br />maturity <br />$15U,000.00 <br />J.S. Treasury Notes <br />02-15-86 <br />25,000.00 <br />Isle,Mn.ISD #473 GO SchI Bldg. <br />03-01-88 <br />25,000.00 <br />Duluth, Mn. ISD 1799 GO <br />06-01-88 <br />20,000.0 <br />Martin County, Mn. GO Drainage <br />01-01-90 <br />50,000.00 <br />City of New Brighton, Ma. GO Water <br />02-01-91 <br />25,000.00 <br />Rice Lake, HI Muni. Bldg. <br />04-01-91 <br />50,000.00 <br />Lake City, Mn. GO <br />05-01-91 <br />ct),uuu.Uu <br />Lakeville, Mu. GO <br />02-01-93 <br />50,000 00 <br />Lonsdale, Mr. GO <br />02-01-93 <br />50,0J0.00 <br />No-w000,Young America,Mr,.ISD 0109 <br />02-01-93 <br />30,000.00 <br />Forest Lake, Mn. GO <br />04-01-93 <br />50,000.00 <br />Richfield, Mr.. GO <br />02-01-94 <br />40,000.00 <br />Barron, FI Wtr. L Elect. <br />12-01-94 <br />100,000.00 <br />Plymouth, Mn. GO <br />02-01-95 <br />WHEREAS, the First State Bank of New Brighton pledges <br />the following additional securities; <br />amount desc r.ption maturity <br />$700,000.00 Federal Home Loan Hanks 08-25-88 <br />