Loading...
01-05-81 agendaCITY OF RICHFIELD, MINNESOTA Office of City Manager ,h Council Letter No. 3 Agenda January 5, 1981 The Honorable Mayor and Members of the City Council City of Richfield ' Council Members: Subject: City Council Liaison Appointments Earl ear, the city council makes appointments for o various city boards and commissions, and to 'Attached for the consideration of the city council is a list of these agencies and commission liaison appointments. The Energy Advisory Commission has not had a liaison in the past, but the city council may desire to appoint one since this commission has recently become a permanent commission of the city. chartervmember of MASAC, has expressed aJdesire to be reappointed as a representative to this commission. Respectfully submitted, T<~ + V~ ~ .~~,1c Karl Nollenberger City Manager KN/eja COMMISSION - LIAISON APPOINTMENTS A enc 1980 Liaison South Hennepin Human Services Tvan Ludeman (Four Directors, staggered ~ Camillo DeSantis terms, two vacancies 1981 Liaison 1~JgN LUDCMAn! ~ ~ ~~~ Caty Study Commission Juanita Collins JJ RN 1'r q- Cb L6..~nls ~l'WO directors ; two K . Nollenberger 1+121,- ~~~uatecsx- alternates H. Bunce (Alter) N~~r1_~ Pu~c1= J. Wilde (Alter) .,o~c-c W1~1~c Metro olitan Airports Sound Abatement Council (MASAC)_ b P l Q ~ ~ Two representatives, two rie e _ Dona d ¢1~~ o~fl-,... alternates Vern Luettinger _ y~n-N L..,.:-ri-,~.cee. Dennis Kraft (Alt) 'per-~„~~~ ~nn~-r K.Nollenberger .(Altl ~ p2~ rlo~~-~N.~t~e-~-,-~~ Association Metropolitan League of Munici alities Pe L - ~ One representative, one Donald Priebe _ , ~1: orcnLO - alternate V. Luettinger (Alt) '~o~J ~>`-~NS-~A~ Suburban Rate Authority ~~` ~ ~= ''~F One director, one alternate V. Luettinger -;>~ ~~~~ - J . C o 11 in s (Alt .) ~, ~,~, ,-rw- CbL~.-~,~s Richfield School District One delegate, one alternate Flanning Commission Gne liaison, one alternate Human Rights Commission One liaison, one alternate V. Luettinger ~Jo~ N~`~-~~~~ -~A J. Collins (Alt) J~~N-sR CJ LI..~v~~S Ivan Ludeman .:1-v ~ L,, ~c ~^ n ~' V . Luettinger (Alt) O o~ 1-4pss~Y+s~ ~a H. Bunce J. Collins (Alt) Fark and Recreation Advisory Commission Gne liaison, one alternate Donald Priebe fi. Bunce (Alt) ~7~2p 1".~UnlcL .~ u n ~ i ra o~u ~S 0 P( PCL p \ ~ ~ c ~~. C rc2l~ 1 ~hCL Senior Citizen Advisory Commission One liaison, one alternate Juanita Collins ~ ~~ ~~ ~°~" ~s_ Donald Priebe (Alt) b~~~ 2.~~-~~ Storefront/Youth Action, Inc. One liaison, one alternate Howard Bunce _ ~o~ ~-~~s`~~~;;rn I. Ludeman (Alt) Zv~,~ L.vr~~nn.t Advisory Board of Health One liaison, one alternate Juanita Collins J.,~1T-~ ~~~~~^~~~ Tom Morgan (Alt) _"rc~.~ ~1~r~e~~~.~ Agency Enerqy Commission One liaison, one alternate 1980 None 1 981 I~~ i.J c~ 2 ~ v~ ~ c c- ~~K ~Asse~`::i~ Council President Pro Tempore J. Collins t~~~.-~~~~ ~~~~~~= Acting City Manager J. Wilde Jo~c.~ ~~~-!~E CITY OF RICHFIELD, MINNESOTA Office of C ity Dlanager Council Letter No. 2 Agenda January 5, 1981 The Honorable Mayor and I~Iembers of the City Council City of Richfield Council Members: Subject: Designation of Official Depositories for 1981, and Approval. of Collateral There is an item on the January 5, 1.981 city council agenda providing for council designation of official depositories to be Five institutions have pledge collateral over and above the amount of the Federal Insurance for public depositories. They are: Richfield Bank & Trust Company is pledging collateral of $515,000; the Summit State Bank, $1,470,000; Farmers and Ivlechan- ics Savings Bank $300,338; Midwest Federal Savings and Loan Association, $725,321; and Twin City Federal is pledging $195,050. Attached are resolutions designating each of these institutions as an official depository, and approving the collateral pledged. An additional resolution is attached, providing for designa- depositories in which exceeding the Federal gill be able to invest coverage of $100,000. It is recommended that the city council adopt the attached resolutions designating official depositories, with the under- standing that the city would not invest in any of these deposi- tories beyond the level of the insurance coverage or the pledged collateral. Respectfully submitted, Karl Nollenberger City Manager KN/eja cc: Administrative Services Director Finance Coordinator RESOLUTION N0. RESOLUTION DESIGNATING THE RICHFIELD BANK & TRUST COMPANY A DEPOSITORY OF FUNDS OF THE CITY OF RICHFIELD FOR THE YEAR 1981 AND APPROVING COLLATERAL BE IT RESOLVED by the City Council of the City of Richfield as follows: That, in accordance with law, the Richfield Bank & Trust Company be and hereby is designated a depository of the funds of the City of Richfield, subject to modification and revocation at any time by said City, and subject to the following terms and conditions: The said depository shall not be required to give bonds or other securities for such deposits provided that the total sum thereof shall not at any time exceed in any depository the sums for which its deposits are insured under the Acts of Congress of the United States relating to insurance of bank deposits; but that in case such deposits in any such depository shall at any time exceed such insured ;sum, said depository shall immediately furnish bonds or other security for such excess according to law, approved by the City Council of said City. That said depository shall pay on demand all deposits therein; and shall pay all time deposits, at or after the end of the period for which the same shall be deposited, on demand. BE IT FURTHER RESOLVED, that there shall be maintained a general account in which shall be deposited all monies not otherwise specifically provided for. Checks on this account shall be signed by the following officers or their facsimile signatures: KARL"NOLLENBERGER, CITY MANAGER JOYCE L. WILDE, TREASURER BE IT FURTHER RESOLVED, that there shall be a daily interest savings account. All withdrawals from said account will be for transfers to the general checking account. BE IT FURTHER RESOLVED, that collateral in the amount of $515,000 deposited for safekeeping at the Marquette National Bank of Minneapolis, is hereby approved. Passed by the City Council of the City of Richfield this 5th day of January, 1981. Donald J. Priebe Mayor ATTEST: Sylvia K. Bergh Acting City Clerk RESOLUTION N0. A RESOLUTION DESIGNATING TWIN CITY FEDERAL SAVINGS AND LOAN AS DEPOSITORY FOR THE INVESTMENT OF CITY FUNDS IN 1981 AND APPROVING COLLATERAL WHEREAS, pursuant to Minnesota Statutes, Section 475.66 and 118.17, municipal funds may be deposited in any savings and loan association which has its deposits insured by the Federal Savings and Loan Insurance Corporation, and . WHEREAS, the amount of said deposits may not exceed FSLIC insurance covering such deposits, which insurance presently amounts to $100,000, unless amounts in excess of such insurance coverage is covered by additional collateral pledged to the City, and WHEREAS, the deposit of City funds in savings and loan associations and banks would provide greater flexibility in the City's investment program and maximize interest income thereon. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows: 1. That Twin City Federal Savings and Loan, Marquette at 8th Street, Minneapolis, Minnesota, be designated as an official depository for City funds for 1981. 2. That collateral in the amount of $195,050, deposited for safekeeping with Midland National Bank of Minneapolis, is hereby approved. Passed by the City Council of the City of Richfield, this 5th day of January, 1981. Donald J. Priebe Mayor ATTEST: Sylvia K. Bergh Acting City Clerk RESOLUTION N0. RESOLUTION DESIGNATING THE SUMMIT STATE BANK A DEPOSITORY OF FUNDS OF THE CITY OF RICHFIELD FOR THE YEAR 1981 AND APPROVING COLLATERAL BE IT RESOLVED by the City Council of the City of Richfield as follows: That, in accordance with law, the Summit State Bank be, and hereby is designated a depository of the funds of the City of Richfield, subject to modification and revocation at any time by said City and subject to the following terms and conditions: The said depository shall not be required to give bonds_or other securities for such deposits provided that the total sum thereof shall not at any time exceed in any depository the sum for which its deposits are insured under the Acts of Congress of the United States relating to insurance of bank deposits; but not in case such deposits in any such depository shall at any time exceed such insured sum, said despository shall immediately furnish bonds or other security for such .excess according to law, approved by the City Council of Said City. That said depository shall pay on demand all deposits therein; and shall pay all time deposits, at or after the end of the period for which the same shall be deposited, on demand, BE IT FURTHER RESOLVED, that there shall be maintained a general account in which shall be deposited all monies from liquor, swimming pool/ice arena operations and city licenses. Checks on this account shall be signed by the following officers or their facsimile signatures: KARL NOLLENBERGER, CITY MANAGER JOYCE L. WILDE, TREASURER BE IT FURTHER RESOLVED, that there shall be maintained a city payroll account. There shall be issued a single check biweekly for an amount equal to the biweekly city payroll, payable to the Treasurer for deposits in such payroll account. There- after, the Treasurer is authorized to issue payroll checks on said accounts bearing only her signature as city treasurer for all wages or salaries included in said biweekly payroll. BE IT FURTHER RESOLVED, that there shall be a daily interest savings account. All withdrawals from said account will be for transfers to the general checking account. BE IT FURTHER RESOLVED, that collateral in the amount of $1,470,000 deposited for safekeeping at the Marquette National Bank of Minneapolis and the Federal Reserve Bank, is hereby approved. Passed by the City Council of the City of Richfield this 5th day of January, 1981. Donald J. Priebe Mayor ATTEST: Sylvia K. Bergh Acting City Clerk RESOLUTION N0. A RESOLUTION DESIGNATING FARMERS & MECHANICS SAVINGS BANK AS DEPOSITORY FOR THE INVESTMENT OF CITY FUNDS IN 1981 AND APPROVING COLLATERAL WHEREAS, pursuant to Minnesota Statutes, Section 475.66 and 118.17, municipal funds may be deposited in any savings and loan association which has its deposits insured by the Federal Savings and Loan Insurance~Corporation, and WHEREAS, the amount of said deposits may not exceed FSLIC insurance covering such deposits, which insurance presently amounts to $100,000, unless amounts in excess of such insurance coverage is covered by additional collateral pledged to the City, and WHEREAS, the deposit of City funds in savings and loan associations and banks would provide greater flexibility in the City's investment program and maximize interest income thereon. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows': 1. That Farmers & Mechanics Savings Bank, Marquette at 6th Street, Minneapolis, Minnesota, be designated as an official depository for City funds for 1981. 2. That collateral in the amount of $300,338, deposited for safekeeping with First National Bank of Minneapolis, is hereby approved: Passed by the City Council of the City of Richfield, this 5th day of January, 1981. Donald J. Priebe Mayor ATTEST: Sylvia K. Bergh Acting City Clerk RESOLUTION N0. A RESOLUTION DESIGNATING MIDWEST FEDERAL SAVINGS & LOAN AS DEPOSITORY FOR THE INVESTMENT OF CITY FUNDS IN 1981 AND APPROVING COLLATERAL WHEREAS, pursuant to Minnesota Statutes, Sections 475.66 and 118.17, municipal funds may be deposited in any savings and loan association which has its deposits insured by the Federal Savings and Loan Insurance Corporation, and WHEREAS, the amount of said deposits may not exceed FSLIC insurance covering such deposits, which insurance presently amounts to $100,000, unless amounts in excess of such insurance coverage is covered by additional collateral pledged to the City, and WHEREAS, the deposit of City funds in savings and loan associations and banks would provide greater flexibility in the City's investment program and maximize interest income thereon. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows: 1. That the Midwest Federal Savings and Loan Association, 3100 West 66th Street, Richfield, Minnesota, be designated as an official depository for City funds for 1981. 2. That collateral in the amount of $725,321 deposited for safekeeping with the Richfield Bank and Trust Company of Richfield, Minnesota, is hereby approved. Passed by the City Council of the City of Richfield, this 5th day of January, 1981. Donald J. Priebe Mayor ATTEST: Sylvia K. Bergh Acting City Clerk RESOLUTION N0. A RESOLUTION DESIGNATING CERTAIN SAVINGS AND LOAN ASSOCIATIONS AND BANKS AS DEPOSITORIES FOR THE INVESTMENT OF CITY FUNDS IN 1981 BE IT RESOLVED by the City Council of the City of Richfield, Minnesota. WHEREAS, pursuant to Minnesota Statutes, Sections 475.66 and 118.17, municipal funds may be deposited in any Savings and Loan Association which has its deposits insured by the Federal Savings and Loan Insurance Corporation, and WHEREAS, the amount of said deposits may .not exceed the Federal Savings and Loan Insurance Corporation insurance covering such deposits which insurance amount is presently $100,000, and WHEREAS, the deposit of City funds in Savings and Loan Associations and Banks would provide greater flexibility in the City's investment program and maximize interest income thereon. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, as follows: 1.~ It is hereby found and determined that it is in the best interests of the proper management of City funds that certain Savings and Loan Associations and Banks be designated as additional depositories for City funds for 1981. 2. The following Savings and Loan Associations and Banks are hereby designated as additional depositories for municipal funds: First Federal Savings of Minneapolis 6445 Nicollet Avenue South Richfield, Minnesota 55423 Hennepin Federal Savings and Loan 818 Marquette Avenue Minneapolis, Minnesota 55402 Minnesota Federal Savings 98 West 66th Street Richfield, Minnesota 55423 Home Federal Savings 500 West 98th Street Minneapolis, Minnesota 55420 First National Bank of St. Pain. 332 Minnesota Street St. Paul, Minnesota 55101 Northwestern National Bank Southwest 7900 Xerxes Avenue South Bloomington, Minnesota 55431 w 3. It is further found and determined that the purpose of such depository designation is to facilitate the proper and advantageous investment of City funds and that such designation is not exclusive nor does it preclude the deposit of any City funds in other officially designated depositories of the City. 4. The Treasurer is hereby authorized to deposit City funds in any or all of the depositories herein designated up to the amount of $100,000, or such other amount as may be subsequently permitted by law, such deposits to be in the form of demand accounts for Publiz Unit Savings Certificates purchased by the City, payable to the City. of Richfield on the signatures of the City Treasurer. Such deposits may be made and withdrawn from time to time by the Treasurer as her best judgment and t_he interests of the City dictates. 5. The investment of funds and the reporting thereof pursuant to this resolution shall be conducted in accordance with established policies of the City regarding the investment of City funds. Passed by the City Council of the City of Richfield, this 5th day of January, 1981. Donald J. Priebe Mayor ATTEST: Sylvia K. Bergh Acting City Clerk r CITY OF RICHFIELD, MINNESOTA Office of City Manager Council Letter No. 1 Agenda January 5, 1981 The Honorable Mayor ' and Members of the City Council City of Richfield Council Members: Subject: Designation of Official Newspaper Attached hereto is a copy of a letter from Sun Newspapers, Inc. requesting that the Richfield Sun be designated as the city's official newspaper for 1981. The legal rates are set forth as described in the attached letter and as set by Minnes- ota law. It is recommended that the city council renew its designa- tion of the Richfield Sun as the city's official newspaper. Respectfully submitted, :~ Karl Nollenberger City Manager KN/eja cc: City Clerk City Attorney December 18, 1980 ~ ' -. City Council City of Richfield . 6700 Portland Avenue South Richfield, Minnesota 55423 Gentlemen: o ~? i '9 . '~~N NEWSP~~E~S MINNESOTA SUBURBAN NEWSPAPERS, INC. 7401 Bush Lake Road Edina, MN • 8.30-0600 Your designation of the Richfield Sun to be your official newspaper for the year 1981 will be most appreciated. The rate for legal publications as set by Minnesota law is 22.6¢ per line for the first insertion, 15.14 per line for each subsequent insertion. Tabular matter, i.e. proper names, numbers,-legal descriptions, etc., is 7.54 per line additional for the original insertion with no additional charge for repeats of the original insertion. We will provide, at no additional charge, two notarized affidavits ~~ ~::,,~~n each of your publications. Additional notarized affidavits, on request, will be furnished at 254 each. All publications should reach this office by 2 p.m., Friday preceding your Wednesday publication. In order, to expedite our services to you, it is requested that you direct your publications to the attention of Meridel Hedblom, Legal Department, 7401 Bush Lake Road, Edina, MN 55435. Thank you for your consideration of this, our official application for designation of the Richfield Sun as your official newspaper for the ensuing year. Very truly yours, M OTA SUBUR NEWSPAPERS, INC. - C~..~.~.~o~., Elmer L. Andersen ~. Publisher ...