HomeMy WebLinkAbout06-00816200 Eagle Avenue S.E.
Prior Lake, 55372-1714
WHEREAS,
WHEREAS,
WHEREAS,
A
RESOLUTION 06-08
LUTION DESIGNATING INVESTMENT AUTHORITY
BEHALF OF THE CITY OF PRIOR LAKE
Motion By: .eMair Second By: Millar
the City of Prior Lake is organized as a municipal government under state statutes and
duly incorporate( as a city in 1891; and
the City is
subject to presei
with the cash
in investing its available funds at the highest rate of return available
of principal and in accordance with state statutes and consistent
needs of the City; and
the City's Investr ~ent Policy establishes the pdmary responsibility for such investments to
be charged to th~ City Finance Director.
NOW THEREFORE, BE IT
1. The recitals set forth
2. Frank Boyles and Ralph
investment accounts in th~
necessary, and to execute
PASSED AND ADOPTED TH
;OLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
are incorporated herein.
are hereby designated with full power and authority to open
; name of the City of Prior Lake, invest such funds of the City as deemed
all purchases and withdrawals associated with such investments.
IS 3rd DAY OF JANUARY, 2006.
Yes No
Haugen X Haugen
Dornbush 'X Dornbush
Erickson X Erickson
LeMair X LeMair
Millar X Millar
Manager, Lake
www.cityofpriorlake.com
R:\RESOLUTI\FINARES\2006\06-08 Inve,;~8~.~u~.y~.4230 / Fax 952.447.4245