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RESOLUTION 95-02
RESOLUTION DESIGNATING INVESTMENT AUTHORITY
ON BEHALF OF THE CITY OF PRIOR LAKE
MOTION BY:
KEDROWSKI
SECONDED BY:
GREENFIELD
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
indi viduals:
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 3rd day of January, 1995.
YES NO
Andren X Andren
Greenfield X Greenfield
Kedrowski X Kedrowski
Schenck X Schenck
Scott X Scott
Frank Boyles
City Manager
City of Prior Lake
{ Seal }
INVl.WRT
16200 Eagle Creek Ave., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
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