HomeMy WebLinkAbout6.a. Resolution to Designate Official Depositories • •
� ' P.O BOX 510
j�� Q 2875-145TH ST. W.
osernoun� ROSEMOUNT. MINNESOTA 55068
612-423-A411
_ 1TEM # 6 p
T0: Mayor Napper
Councilmembers Klassen
Oxborough
Willcox
ippermann
,
FROM: Stephan Jilk
DATE: December 29, 1989
RE: Desa�gnation of Banking Depositories
Attached please find a resolution outlining staffs '
recommendations for official banking and investment designations
for 1990.
Adoption of such a resolution is required on an annual basis .
The recommendations are based upon best availabl.e institutions
for providing general. banking services and best opportuniti�s for
investment programs .
Your consideration for its adoption is requested.
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CITY OF ROSEMOUNT
DAROTA COUNTY� MINNBSOTA
-- RESOLUTION 1990-
A RESOLUTION NAMING DEPOSITORIES/FINANCIAL
INSTTTUTIfJNS FOR CITY FUNDS
WHEREAS, the City of Rosemount is required by law to designate
depositories/financial institutions for City funds.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City
of Rosemoun� designates the First State Bank of Rosemount, a
iocally owned bank as an otficial deposi�ary for City funds, bvth
checking and saving5 pursu�nt to Minnesota Statutes 118.01 ; and
BE IT FURTHER RESOLVED, that the City Council of the City of
Rosemount designates as depositories/financial institutions for
City funds, Midwest Federal Savings and Loan, TCF Banking and
Savings, F.A. , Metropolitan Federal. Bank, F.S.B, and Rosemount
National I3ank, and all branch offices of the aforernent.ioned
savings and finaneial institutions who are qual.ified to gu�rantee
investments up to $100,000 through the Federal Deposit Insurance
Corporation and through Federal Savings and Loan Insurance
Corporation or secured collateral; and
BE IT FURTHER RESOLVSD, that the City Council of the City of
�� Rosemount designates de�aositories for city funds, any
Certif�.cates of Deposit purchased from any FDIC insured
institution using Juran & Moody, Znc. , or Witt Financial. as its
agent/broker, provided_that at no time shall the amount on
deposit, including accrued interest, be allowed to exceed
$100,000 at any one instituti.on. ;
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ADOPTED this 2nd c�ay of January, 1990. �
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Verr�on J. l�apper, Mayor
ATTEST:
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Susan M. Johnson, City Clerk
Motion by: Seconded by:
Voted in favor�
� Voted against•____
c�ty of � !
BURNSVILLE
��^���y� 100 Civic Center Farkway • t3um�villE�, Minnesota 55337-3t317 (G12) 895-44O0
�ecember 2G , 19t��
Mr. John Gretz Mr. Thomas Colbert
City of Apple Valley City of Eaqan
142�0 Cedar Avenue 3830 Pilot Knob Road
Apple Valley, MN 55324 Eagan, MN 55122
Mr. James Robinette t�r. Rich Hefti
City of Lakeville �City of Rosemount
8747 - 208th Street 1367 - 145th St. � .
Lakeviile, MN 55044 Rosemount, MN 55068
Mr. Bruce Sullert
City of Savage
6000 MeColl Drive
Savage, MN 55378
RS: JOINT POMERS AGRTEMTNT (JPA) for Traffic Markings, Street
Sweeginq and Seal Coating
Dear Gentlemen: �
Enclosed is a copy of the Joint Powers Agreement for the Joint
bidding of several items . This agreement is the same as last
year' s . Our City Council is considering it on January 15 , 1990 .
The bids are proposed to be opei�ed February 23 , 1990 . Please glace
this on an early agenda for your couneil ' s action. After the City
af Burnsville executes �his JPA, five ( �) original sets will be
mailed out beginning witii tlie City of Apple Valley.
A copy of the specifications and proposal will be forwarded £or
��our review as soon as available.
Sincerely,
CITY OF BURNSVILLE
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C. A. Si gerud, P .E .
Director of Public Works
CAS/Img
enclosure
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JOINT POWTsRS AGRgSMSNT
BURNSVILLE, APPLE VALLEY, EAGAN, LAKEVTLLE
RQSEMOUNT AND SAVAGE
FOR
1990 TRAFFIC MARKINGS, STREET SWEEPING & SEAL COATING
AGREEMENT made this day of , 19 by
and between the citie.s of Burnsville, Apple Valley, Eagan,
Lakeville, and Rosemount� � 5t�,�c,4r:� .
' RSCITALS
This agreement is made pur5uant to the authority conferred
upon the parties pursuant to Minnesota Statutes 471 . 59 .
The purpose of this agreement is to provide for the placement
of street traffic m�arkings in all six cities, and street sweeping
services for the cities of Burnsville, and Apple Valley, and also
seal coating services for the cities o£ Burnsville, Lakeville,
Rosemount and savaqe utilizing one common contractor for each
serviee.
NOW, THEREFORE, the parties agree as follows:
1 . Subject to the other provisions of this agreement,
Burnsville shall prepare any plans, specifications , bid propasals
and advertise for bids for the placement of street traffic
markings, street sweeging, and seal coating services .
2 . App1e Valley, Eagan, Lakeville, Rosemount and Savag� shall
provide to Burnsville the estimated quantities for these services
in each respective community and shall also approve the bid
doeuments .
3 . Burnsville shall tabulate the bids upon their receipt and
make_a reco�mendation of award to Apple Valley, Eagan, Lakeville,
Rosemount and Savage and upon their approval, award the contract
pursuant to State Law.
. ' Page Two (JPA) � �
` SURNSVILLE, APPLE VALLEY, EAGAN, LAKFVILLE, ROSEMOUNT & SAVAGE
1990 Traffic Markinqs, Street Sweeping & Seal Coating
4 . Each city shail be responsible for:
---Preparing maps showing the proposed locations £or tl�ese
services including estimating the quantities .
---Preparing the streets for markings in aecordance with
the specifications and coordinating with the contractor as to the
timing of the actuai work.
---Inspecting the contractor' s work, measuring the
quantities of work performed, approving and certifying the progress
or final payments to the contractor.
5 . In accordance with the specifications, the contractor will
submit an itemized invoice to each city separately for the work
performed in each city. Upon approval of the invoice by the
respective city, that city will remit the approved invoice amount
directly to t12e Contractor.
6 . It is agreed that the cities of Apple Valley, Eagan,
Lakeville, Rosemount and Savage and each of them, indemnify, save,
and hold harmless the City of Burnsville and all of its agents and
employees from ai�y and all claims, demands, actions, or causes of
action, for whatever nature, arising out of the contracting
procedure by reason of the execution or performance of ��ie work
purchased fQr each respective city under this agreement, and that
the cities of Apple Valley, Eagar�, Lakeville, Rosemount and Savaqe
further agree to defend, at �heir sole cost �and expense, eny
actions or proceedings commenced against their respective cities
for the purposes of assertinq any claim of whatsoever character
arising hereunder.