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Res 77 - 117 Establishing Investment Fund. . } � � . � . + 'P • � t a� - : , . � � � � „ ' .. � J , . " ` . • ' � . i � - . • - • , CITY OF MENDOTA HEIGHTS�• . �' � _ " _ � , • - . � ' . • Dakota County, Minnesota' . � - -' ' � , � ' RESOLUTION N0. 77-117 ' ' . - . � . . , � . � . , , . ' RESOLIJTION ESTABLISHING INVESTMENT E'UND „ � � �," WHEREAS, `the City of Mendota Heights desires to simpl.ify`and - � consolidate'the investing of excess cash and the related recording;�and . .,. : iafiEREAS, simplificatiori and corisolidating of investment transacti�ns �• • ' � requires the formation of an Investment Fund which consolidates all City ` _ -investments except for those in,the following funds: � � . ', � � . . , . . , . .� . _ , - � . , �• -• Federal Revenue Sharing Trust Fund . , ' _ ` Special Police Department Fund � � . ' • � � � �� Civil Defense Fund� ' � . Fire Relief Fund : . . - � � � ' • ' . z , , . . � • . � - , � _ ' � . for the purpose of transacting alI. investment activity, and• - , - _ WHEREAS, intersst revenue gained through the Investment Fund activity �- ,= is equitably distributed b_y relating an individual participating fund�s � , cash balance to,the total cash balance and then multiplying tlie resultinq , ,' , produc� by the interest revenue to be"distributed as determined on a' - monthly basisi - 4 - . •--� ,,. , , << S `��,ym- L . , - ' • - , _�.*�{ {j�j -~�i��'� .� � . tµ _. ,� . . x;li�{{{ )L�V�Y:a =s�¢ ��~R f iiw��` i� a. Ni� �Sfi�^� `^�� . J �• � NdW THE jREF.OR�' �• BE'* IT RESOLVED that. an� Investment, Fund as described ' � �� ,' above be established effective January l, 1977. - • - . . . - � � i �.��{ :'� , ' qq}} �. ; e * f+s k ;. * "y� > - �` � " s ' • - . . ' - p ,� •'� ` A i �,�T� .i �� " 6X`•' �,r+t �� # r k ♦ 's ��f � , � ,' , . ' ` . . � 1 •� �, • Adopted by the City Council of the City of Mendota Heights this 20th day ' �, of December �1977., i ; � � •' ,` � '+' ` � ° ;' T,� ` , . ' � - �,, ' • � �` '' - . + • � ' • , � � � ' - CITY COT�TNCIL � • � , � ' � " ; � � , '' "' .. ' CI7.'Y OF MENDOTA. HEIGHTS . . • . Y _ ' � _ _ ` � ' By� %G�'�`r��-�c oC1�,W� kF. , . ' . ', Robert G. Lockwood. ' � , ' . , ' _ � . ' Mayor � . . � ATTEST: � • , . ; � _ • � . - . . _ . . ' ' , , � , � -. , ' _ ' // t�'�'ZGL,L! �' ,ti� _ • ' • ' . • ` , • - _ � . ku Kathleen M. Swanson • � •'. ` � ; � - Deputy Clerk • � � , ' , • . � . � . . . - , . ' - . , � + , , • 5' 4 ' ' . . , � . ' ' ' _ -. r . . . - , . � . . , . ' , . . i . � . . + ' , . l ' _ - ' ,t . . � " ' ` [ . ' � ` R . ' ' - . ' ' ' � _ ' ' t` " . , � . + . . ' . � • � . . - � . , � 4 . r • r - ' r R . ` � . . , _ • .