HomeMy WebLinkAbout2012-253 Designating Authorized Signers, Official Depository and Broker-DealersState of Minnesota
County of Rice
CITY OF FARIBAULT
RESOLUTION # 2012 -253
DESIGNATING AUTHORIZED SIGNERS, OFFICIAL DEPOSITORY AND
BROKER/DEALERS FOR THE CITY OF FARIBAULT
WHEREAS, the Community Management Plan requires that the City designate
authorized signers and official depositories; and
WHEREAS, the listed financial institutions have agreed to follow the City of Faribault
Investment Policy and have provided adequate collateralization for City funds.
NOW, THEREFORE BE IT RESOLVED, that the following individuals be designated
as official signers for the City of Faribault:
Michael A. McGuire, Interim City Administrator
Paul Peanasky, Buckham Center Director /Deputy City Administrator
Shelly L. Kolling, Finance Director
Ann Remold, Accounting Supervisor
NOW, THEREFORE BE IT FURTHER RESOLVED, that the following financial
institutions be designated as depositories for the City of Faribault:
State Bank of Faribault
Wells Fargo Bank
ALSO, BE IT RESOLVED, that the following institutions be designated as
broker /dealers for the investment of City funds:
RBC
Morgan Stanley
Wells Fargo Securities
Edward Jones
League of Minnesota Cities 4M Fund
UBS Financial Services Inc.
Adopted: December 11, 2012
John ltlJasinski
ATTEST: C
Michael A. Mc uire
Interim City Administrator