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3.) The managedportfolio will generate a yield of at least 2% <br /> above the 90 day Treasury. <br /> 4) Termination of the agreement is by 30 days written notice, however, <br /> upon receipt of such notice, all transactions by the broker must have <br /> written approval by the Director of Finance. <br /> 5) Fees will be .50% of the annual interest earnings and are assessed <br /> quarterly in arrears. <br /> Recommendation: <br /> Council approve Resolution #94-020 which authorizes the Mayor, City Manager and <br /> Finance Director to execute an Investment Management Agreement between the City of St. <br /> Anthony and Piper Management Incorporated. <br /> • <br />