HomeMy WebLinkAbout87-138 - ADMIN Resolution - City Council - 1987/09/21September 21, 1987
8a
RESOLUTION NO. 87-138
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM SHELARD NATIONAL BANK, ST. LOUIS PARK, MINN.
WHEREAS, THE Shelard National Bank of St. Louis Park, a City depository,
has
presented the following collateral to secure deposits of the City:
$ 100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
$1,500,000
Anchorage, Ak. GO, 11.2%, due 6-01-00
Chicago Heights GO, 9.5%, due 12-01-02
Chisago Co., Mn. GO, 7.5%, due 1-01-02
Colorado State Board, 7.55%, due 3-01-01
City of Duluth, Mn. GO, 9.7%, due 2-01-96
El Paso, Tx Multi Family, 8.5%, due 12-01-07
Garland ISD Dallas Co., Tx.,7.40%, due 2-15-02
Harlandale ISD, 7.5%, -due 2-01-04
Henderson, Ne. Multi Family, 8.5%, due 12-15-05
Jefferson, La., Sales Tax Dist., 7.9%, due 7-01-96
Kenai Peninsula Sula Borough, Ak. GO, 8.4%, due 1-01-00
Kent, Wa GO, 7.45%, due 12-1-99
King Co., Wa. School Dist. 216, 9.5%, due 6-1-98
King Co., Wa. School Dist. 412, 9.2%, due 12-01-99
City of Lakeville, Mn. GO, 7.6%, due 2-01-04
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 First National Bank of
St. Paul, Minnesota, for safekeeping.
Adopted by the City Council September 21, 1987
0) 46-4A)
Attest:
Reviewed for Administration:
4aAubm..1Alte'
y Manager City Att
Approved as to form and . ega-1- ty-