HomeMy Public PortalAbout1997-002Member Thies introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO. 97- 02
RESOLUTION DESIGNATING INSTITUTIONS
FOR INVESTMENT OF THE CITY'S IDLE FUNDS
WHEREAS, the following institutions meet all of the requirements set forth in Minnesota
State Statutes, and;
WHEREAS, diversifying the institutions where the City invests ensures the City will receive
the best return on its investments,
NOW, THEREFORE, BE IT RESOLVED by the City Council of Medina that the following
institutions be designated for investing Medina's idle funds:
Dain Bosworth, Inc.
Dain Bosworth Plaza
60 South Sixth Street
Minneapolis, MN 55402
FBS Investment Services
100 South Fifth Street
Minneapolis, MN 55402
Norwest Investment Services
Norwest Center
Sixth & Marquette
Minneapolis, MN 55402
Dated: January 7, 1997
Paul Robinson, City Clerk -Treasurer
Piper Jaffray
222 South Ninth Street
Minneapolis, MN 55479
Smith Barney
345 St. Peter
1800 Landmark Towers
St. Paul, MN 55102
Prudential Securities Inc.
90 South 7th Street
Suite 3500
One Seaport Plaza
Minneapolis, MN 55402
B. Ferris, Mayor
PAR Resolution 97-02
Page 1
The motion for the adoption of the foregoing resolution was duly seconded by member
Zeitlow and upon vote being taken thereon, the following voted in favor thereof:
Ferris, Hamilton, Thies, and Zietlow
and the following voted against same: None Absent: Johnson
Whereupon said resolution was declared duly passed and adopted.
PAR Resolution 97-02
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