HomeMy WebLinkAbout6662 - ADMIN Resolution - City Council - 1980/10/061
October 6, 1980
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RESOLUTION NO. 6662
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM MARQUETTE NATIONAL BANK OF MINNEAPOLIS,
MINNEAPOLIS, MINNESOTA
WHEREAS, the Marquette National Bank of Minneapolis, a City
Depository, has presented the following collateral, totalling
$1,110,000 :
$100,000 Peoples Commercial Hosp. Dist. Michigan, 8%, due 7-1-81
$ 15,000 Raymond, MN, ISD 346, 4.9%, due 2-1-85
$ 95,000 Rome, Georgia Dev. Authority, Floyd County, 6%, due 6-1-87
$100,000 San Mateo County, California Hall of Justice, 5%, due 7-1-86
$500,000 West Virginia, HFA Single Family, 1980, 5.9%, due 7-1-87
$300,000 Wisconsin, HFA Single Family Homes, 6.3%, due 12-1-86
BE IT RESOLVED by the City Council of the City of St. Louis Park
that the Treasurer be authorized to accept said securities as collateral
and that said collateral be deposited with the Federal Reserve Bank of
Minneapolis, Minnesota, for safekeeping.
Attest:
Adopted by the City Council, October 6, 1980
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Mayor
City Clerk
Reviewed for administration:
ity Manager6.AAAAA.46.e.A1
Approved as to form and legality:
City At orney