HomeMy WebLinkAboutResolution - 92-5 - Authorizing Treasurer to Invest City of Eden Prairie Funds - 01/07/1992 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 92-05
A RESOLUTION AUTHORIZING THE TREASURER TO INVEST
CITY OF EDEN PRAIRIE FUNDS
._-.. .BE IT RESOLVED, by the City Council of the City of Eden-- Prairie,
County of Hennepin, ,that-the City Treasurer. is authorized to .invest City
of :Eden Prairie funds with any. bank;.- or other_ _ financial institution
authorized- - to do-business in the State of Minnesota in Certificates of
Deposit, U.S. Government Notes and Bills, obligations of the state of
Minnesota or any of its subdivisions, Federal Government Agency Bonds
and Notes, Savings Accounts and Repurchase Agreements and any other
security authorized by law. The City Treasurer shall maintain adequate
collateral for funds deposited.
ADOPTED by the City Council on this 7 ay of January, 1992.
• `�
Douglas B. Tenpas, Ma r
ATTEST:
SEAL
Jo ane, City Clerk