HomeMy WebLinkAbout6907 - ADMIN Resolution - City Council - 1981/08/03August 3, 1981
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RESOLUTION NO. 6907
RESOLUTION REDESIGNAfING DEPOSITORT FOR CITY FUNDS
BE IT RESOLVED by the City Council of the City of St. Louis Park that
the Park National Bank of St. Louis Park, Minnesota, be hereby des-
ignated as a depository for the funds of the City, and the maximum
amount of such deposits to be kept therein at any one time is hereby
increased from $2 million to $3 million.
BE IT FURTHER RESOLVED that the Park National Bank of St. Louis Park
deposit with the Northwestern National Bank, ' the First National
Bank, and the Federal Reserve Bank of Mi°nneapolis, as security for
such deposits, such securities as may be approved by the City
Council in the manner and amount required by law.
Adopted by the City Council August 3, 1981
Attest:
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Mayor
Reviewed for administration:
Approved as to form and legality: