HomeMy WebLinkAbout87-93 - ADMIN Resolution - City Council - 1987/07/20July 20, 1987
8d
RESOLUTION NO. 87-93
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
100,000
$1,600,000
Dayton ISD, Texas, 7.75%, due 2-15-04
Mpls, Mn. Cony. Ctr., 7.625%, due 4-01-04
North Davis Co., Utah, 7.75%, due 6-01-04
U of M GO, 7.625%, due 2-01-05 ,
Brenham GO Ltd, Tx., 7.50%, due 3-01-05
Eastern Lancaster Co., Sch., 7.625%, due -3-15-05
Clintondale Comm. Sch. Bldg, 7.40%, due 5-01-05
Dakota Co., Mn. So. View, 7.25%, due 12-01-05
So. Mn. Mun. Power Agncy Rev. Bond, 7.375%, due 1-01-06
City of Mpls, Mn. A.O. Tax. Inc., 8.25%, due 3-01-06
Fairbanks North Star GO, 7.50%, due 5-01-06
Polk Co., Fla. Cap. Imp., 7.625%, due 12-01-06
Pierce Co. School Dist. #416, 7.40%, due 12-01-01
Pittsburgh, Pa. Wa & Sew. Auth., 7.02%, due 9-01-97
Robbinsdale, Mn. GO Tax Inc., 8.10%, due 12-01-03
So. Mn. Mun. Power Agency, 7.09%, due 1-01-92
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 July 20, 1987(49'ea lAia,pr
Attest:
City Cler
Reviewed for Administration: Approved as to form and-4ega+1-tp: