HomeMy WebLinkAbout96-01 RESOLUTION 96-01
RESOLUTION DESIGNATING INVESTMENT AUTHORITY
ON BEHALF OF THE CITY OF PRIOR LAKE
MOTION BIglADER. SECONDED BY: KEDROWSKI
WHEREAS,
the City of Prior Lake is organized as a municipal government under state
statutes and duly incorporated as a city in 1891; and
WHEREAS,
the City of Prior Lake is interested in investing its available funds at the
highest rate of return available subject to preservation of principal and in
accordance with state statutes and consistent with the cash flow needs of
the City; and
WHEREAS,
the primary responsibility for such investments is hereby charged to the
City Finance Director;
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council that the following
individuals:
Frank Boyles
Ralph Teschner
are designated with full power and authority to open investment accounts in the name of the City
of Prior Lake, invest such funds of the City as deemed necessary and to execute all purchases
and withdrawals associated with such investments.
Passed and adopted this 2nd day of January, 1996.
YES NO
Andren
Greenfield
Kedrowski
Mader
Schenck
X
X
X
X
X
FrankV~oyre~,
City Manapo~
City of Prl~
Andren
Greenfield
Kedrowski
Mader
Schenck
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16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
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