01-03-1995 SpecialCITY OF RICHFIELD, MINNESOTA
SPECIAL CITY COUNCIL MEETING
January 3, 1995
MEMBERS PRESENT: Martin Kirsch, Mayor; Michael Sandahl; Russ
Susag; and Don Priebe.
MEMBERS NOT
PRESENT: Susan Rosenberg
STAFF PRESENT:- James Prosser, City Manager; Stev®n•Devich,
Administrative Services Director; Thomas
Ferber, City Clerk; and Bridget Walstrom,
Finance Manager.
The meeting was called to order by Mayor Kirsch at 7:00 p.m.
PRESENTATION OF COLORS AND PLEDGE OF ALLEGIANCE
Mayor Kirsch led the audience in the Pledge of Allegiance.
Mayor Kirsch stated that Council Member Rosenberg was not present
due to illness.
Item #1 OATH OF OFFICE TO MAYOR MARTIN J. KIRSCH
City Clerk Ferber administered the Oath of Office to Mayor
Martin J. Kirsch.
Item #2 OATH OF OFFICE TO COUNCIL MEMBER•AT LARGE MICHAEL
SANDAHL `
City Clerk Ferber administered the Oath of Office to Council
Member At Large Michael Sandahl.
Item #3 DESIGNATION OF MAYOR PROP TEMPORE FOR 1995. C.L. NO. 1
M/Susag, S/Kirsch to designate Council Member Michael
Sandahl as Mayor Pro Tempore for the year 1995.
Motion carried 4-0. •
Special Meeting Minutes -2- January 3, 1995
Item #4 DESIGNATION OF OFFICIAL DEPOSITORIES FOR 1995.
C.L. NO. 2
City Manager Prosser reviewed Council Letter No. 2 regarding
the designation of official depositories of the City for 1995 and
approval of collateral.
Council Member Priebe asked that City Manager Prosser
explain the City's investment strategy in light of other
jurisdictions in the country which have had problems.
City Manager Prosser reviewed the City's investment policies
recommended by the City's auditors which excludes derivative
investments. He stated that at least 90~ of the City's
investments are in the lowest risk category.
M/Sandahl, S/Susag that the following resolutions be
adopted; that they be spread in the resolution book and that they
be made part of these minutes:
RESOLUTION NO. 8214
RESOLUTION DESIGNATING THE RICHFIELD BANK AND TRUST COMPANY
A DEPOSITORY OF FUNDS OF THE CITY OF RICHFIELD FOR THE YEAR
1995 AND APPROVING COLLATERAL
This resolution appears as Resolution No. 8214 in Resolution
Book No. 64.
RESOLUTION N0. 8215
RESOLUTION DESIGNATING THE FIRSTAR BANK-RICHFIELD
A DEPOSITORY OF FUNDS OF THE CITY OF RICHFIELD FOR THE YEAR
1995 AND APPROVING COLLATERAL
This resolution appears as Resolution No. 8215 in Resolution
Book No. 64.
RESOLUTION NO. 8216
RESOLUTION DESIGNATING NORWEST BANK MINNESOTA, NA
A DEPOSITORY FOR THE INVESTMENTS OF CITY FUNDS IN 1995
This resolution appears as Resolution No. 8216 in Resolution
Book No. 64.
RESOLUTION NO. 8217
RESOLUTION DESIGNATING TWIN CITY FEDERAL SAVINGS AND LOAN
AS A DEPOSITORY FOR THE INVESTMENTS OF CITY FUNDS IN 1995
Special Meeting Minutes -3- January 3, 1995
This resolution appears as Resolution No: 8217 in Resolution
Book No. 64.
RESOLUTION NO. 8218
RESOLUTION DESIGNATING CERTAIN SAVINGS AND LOAN
ASSOCIATIONS AND BANKS AS DEPOSITORIES
FOR THE INVESTMENTS OF CITY FUNDS IN 1995
This resolution appears as~Resolution No. 8218 in Resolution
Book No. 64.
Motion carried 4-O.
Item #5 DESIGNATION OF OFFICIAL NEWSPAPER FOR 1995. C.L. NO. 3
City Manager~Prosser reviewed Council Letter No. 3
recommending the designation of the Richfield Sun-Current as the
official newspaper of the City for 1995.
M/Priebe, S/Sandahl to designate the Richfield Sun Current
as the official newspaper of the City of Richfield for the year
1995.
Motion carried 4-O.
Item #6 DESIGNATION OF ACTING CITY MANAGER FOR 1995. C.L. NO. 4
City Manager Prosser reviewed Council Letter No. 4
recommending the designation of Steven L. Devich as Acting City
Manager for those times when the City Manager is absent from the
City.
M/Susag, S/Priebe to designate Steven L. Devich, Director of
Administrative Services/Assistant City Manager, as Acting City
Manager for the year 1995.
Motion carried 4-O.
Council Member Sandahl thanked his family and the citizens
for the opportunity to serve as Council Member At Large.
Mayor Kirsch thanked his parents, election committee,
residents, and the voters for their support and encouragement.
He acknowledged City Commission Members and city staff for their
work.
Special Meeting Minutes -4- January 3, 1995
Item #7 CLAIMS AND PAYROLLS
M/Susag, S/Sandahl that the following claims and payrolls be
ao~roved:
RICHFIELD BANK ~ TRUST CO.
Checks 12/27: 19372-19427; 49235-49448 $1,289,320.74
Checks 12/30: 19428-19452; 49452-49550 864,119.50
NORWEST BANK
Check: 1222 $ 11,000.00
FIRSTAR BANK
Checks 12/27: 8363-8375 $ 393,407.41
Payroll 12/27: 82834-83137 $ 371,976.92
Checks 12/30: 8376-8390 $ 532,121.79
Payroll 12/30: 83138-83444 $ 375,226.57
Motion carried 4-0.
ADJOURNMENT
Date
Thomas P. Ferber Mme D. Prosser
City Clerk •~ C Manager '
The meeting was adjourned by unanimous consent a 7:14 p.m.
Approved : 1 / 9/ 95 ~~~
Martin J. K rs h Mayor
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