HomeMy WebLinkAbout126 - ADMIN Resolution - City Council - 1955/08/1565
Resolution No. 125 - continued
RESOLUTION DESIGNATING DEPOSITORY FOR CITY FUNDS
RESOLVED by the City Council of the City of St. Louis Park that the PARK
PLAZA STATE BANK OF ST. LOUIS PARK, MINNESOTA be hereby designated as a deposi-
tory for funds of the City, and the Treasurer of the City is hereby directed to
deposit in said Bank advance payments of deferred instalments of special assess-
ments, and such other funds as may be directed by the City Council, provided
the aggregate amount of said deposits with said depository bank shall not exceed
$100,000.00 at any one time; and provided that said Bank deposits with MARQUETTE
NATIONAL BANK OF MINNEAPOLIS, MINNESOTA securities of such kind and amount as to
comply with Mason's Minnesota Statutes, 1927, Section 1973-1, and furnishes the
Treasurer of the City with an assignment of said securities as provided by said
Statute, and
RESOLVED FURTHER that until further order of the City Council be resolution,
withdrawals from said account shall be upon a combined warrant and written order
of the Treasurer, countersigned by the City Manager and City Clerk. (See Resolu-
tion No. 119, Page No. 339 of Minute Book.)
Resolution No. 126 Adopted August 15. 1955
On motion of Councilman Middleton; seconded by Councilman Hurd, the follow-
ing resolution, having been read by the Secretary, was adopted by unanimous vote
of all Members of the Council:
RESOLUTION APPROVING ASSIGNMENT OF SECURITIES IN LIEU OF BOND
WHEREAS the City Council of the City of St. Louis Park has designated the
Park -Plaza State Bank of St. Louis Park as a depository for City funds in an
amount not to exceed $100,000.00,,and
WHEREAS the Park -Plaza State Bank of St. Louis Park has proposed to assign
the following securities.in lieu of bond of public depository, and has asked that
they be deposited with Marquette National Bank, Minneapolis 2, Minnesota:
$50,000.00 U. S. Treasury Bonds 2 Due 11-15-61
$50,000.00 U.S. Treasury Bonds 2.0 Due 8-15-63
now therefore,
BE IT RESOLVED that said bonds and safekeeping request be hereby approved.
Resolution No. 127 Adopted August 15. 1955
On motion of Councilman Bolmgren, seconded by Councilman Middleton, the
following resolution, having been read by, the Secretary, was adopted by unanimous
vote of all Members of the Council:
RESOLUTION SETTING HEARING ON CURB AND GUTTER
AND SIDEWALK IMPROVEMENTS
RESOLVED,that the Clerk be authorized to publish notice of hearing, on each
of the following proposed curb and gutter and sidewalk improvements, to be held
at the Council Meeting August 29, 1955, the respective estimated cost 'of each of
which is hereinafter set forth as approved:
CURB AND GUTTER
IMPROVEMENT NUMBER LOCATION ESTIMATED COST
55-84 ES RHODE ISLAND AVENUE FROM 34th St. to 35th St. $1,827.50
55-85 WS Nevada Avenue from Franklin Avenue to 18th St. 1,732.00