HomeMy WebLinkAbout7.h. Naming of Depositories & Financial InstitutionsAGENDA ITEM: Naming of Depositories Financial
Institutions
AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director
AGENDA NO. 1. h.
ATTACHMENTS: Resolution
APPROVED BY:
nal
RECOMMENDED ACTION: Motion to adopt A Resolution Naming Depositories and
Financial Institutions for City Funds.
4 ROSEMOUNT
CITY COUNCIL
City Council Meeting Date: January 6, 2008
EXECUTIVE SUMMARY
ISSUE
The annual naming of depositories and financial institutions that the City will use in the coming year.
BACKGROUND
This item is on the agenda for Council to comply with the requirement to annually name the banks and
other financial institutions that we may utilize in the coming year. This list gives staff the authority to deal
with the named organizations only and if we need to deal with others Council would need to take action at
a later date to add other banks or financial institutions.
SUMMARY
Recommend the above motion.
A RESOLUTION NAMING DEPOSITORIES AND FINANCIAL
INSTITUTIONS FOR CITY FUNDS
WHEREAS, the City of Rosemount is required by law to designate depositories and
financial institutions for City funds.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount
designates the First State Bank of Rosemount, a locally owned bank, as an official
depository for City funds, both checking and savings, pursuant to Minnesota Statutes
118.01, and
BE IT FURTHER RESOLVED, that the City Council of the City of Rosemount
designates as depositories and financial institutions for City funds, Anchor Bank,
Associated Bank N.A.; First State Bank of Rosemount, Rosemount National Bank,
Sterling State Bank, TCF National Bank, U.S. Bank National Association, Vermillion
State Bank, Wells Fargo Bank Minnesota National Association and all branch offices of
the aforementioned savings and financial institutions, for all authorized and suitable
investments covered under the City's Investment Policy, Policy F -5.
BE IT FURTHER RESOLVED, that the City Council of the City of Rosemount
designates depositories for City funds, the 4M Fund /Dain Rauscher; BBE Community
Investment Partners LLC; FTN Financial Group; Legg Mason Wood Walker,
Incorporated; Morgan Keegan Company, Inc.; Citigroup Global Markets Inc. (Smith
Barney); Southwest Securities, Inc.; UBS Financial Services Inc.; and Wachovia
Securities as agent/brokers, for all authorized and suitable investments covered under
the City's Investment Policy, Policy F -5.
ADOPTED this 6 day of January, 2009.
ATTEST:
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2009
William H. Droste, Mayor
Amy Domeier, City Clerk
Motion by: Seconded by:
Voted in Favor:
Voted Against:
Member(s) Absent:
4 ROSEMOUNT
December 15, 2008
LaDonna Boyd
Dakota Electric
4300 220 Street West
Farmington, MN 55024
Dear Ms. Boyd,
COMMUNITY DEVELOPMENT
I am writing regarding the Dakota Electric 2009 grant for the City of Rosemount. This year the
City will allocate the $5000 grant to allow participation in the IAMC Conference marketing
opportunity being made available by Positively MN, which will be held in August 2009. Any
remaining hands would also be used for economic development marketing, perhaps assistance
with promoting a shovel ready site within the City of Rosemount.
The City continues to look for new ways to attract businesses into the community and promote
opportunities available within the City. The annual grant provides the City financial resources to
allow the City's Port Authority to try some new marketing tools.
If you have any questions, feel free to contact me at 651- 322 -2020.
Sincerely,
Kim Lindquist, AICP
Community Development Director
SPIRIT OF PRIDE AND PROGRESS
Rosemount City Hall 2875 145th Street West Rosemount, MN 55068 -4997
651 423 -4411 TDD /TTY 651- 423 -6219 Fax 651 423 -5203
www.ci.rosemount.mn.us
AGENDA ITEM: Receipt of Donation from Design
Workshop
AGENDA SECTION:
Consent Agenda
PREPARED BY: Dwight Johnson, City Administrator
AGENDA NO. I
J
ATTACHMENTS: None
APPROVED BY:
RECOMMENDED ACTION: Motion to receive a donation of two hardcover illustrated
books from Design Workshop.
4 ROSEMOUNT
CITY COUNCIL
City Council Regular Meeting: January 6, 2009
EXECUTIVE SUMMARY
DISCUSSION
A donation of two illustrated hardcover books has been sent to the Mayor from Design Workshop
which will be useful in considering new design and landscaping ideas for development in the City.
Design Workshop is one of the consulting firms for the UMore Park planning.
RECOMMENDATION
Motion to receive a donation of two hard cover illustrated books from Design Workshop.
AGENDA ITEM: Receive Donations Parks Recreation
Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks Recreation Director
AGENDA NO. '7 k.
ATTACHMENTS: None
APPROVED BY:
V DJ
RECOMMENDED ACTION: Motion to approve receiving the following donations:
$1000 for a Parks and Recreation Department Fee Assistance Program and $500 for a
Skateboard Series to be offered this summer, both from SKB Environmental, and $8.00
remaining from the Leprechaun Days Blarney Stone Hunt to be redeposited into the
Leprechaun Days Donation Account.
!C ROSEMOUNT
City Council Regular Meeting: January 6, 2009
ISSUE
Receive donations.
CITY COUNCIL
BACKGROUND
Motion to approve receiving the following donations: $1000 from SKB Environmental for a Parks and
Recreation Department Fee Assistance Program. These funds will be available for Rosemount residents
who meet financial requirements to receive partial assistance toward the cost of Parks and Recreation
Programs $500 for a Skateboard Series to be offered this summer, also from SKB Environmental, and
$8.00 remaining from the Leprechaun Days Blarney Stone Hunt to be redeposited into the Leprechaun
Days Donation Account.
SUMMARY
This is a request for Council to receive the donations listed above.
EXECUTIVE SUMMARY
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