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M <br /> ,"OUNCIL MEETING <br /> REQUEST FOR COUNCIL ACTION ��� � 7 ZOO6 <br /> DATE: February 23, �b�06�F ORONO <br /> ITEM NO: �a <br /> Department Approval;.� ,}� � Administrator Reviewed: Agenda Section: <br /> Name Tom Kuehn '�� �v�^�""`� City Administrator's <br /> Title Finance Directar � �� Report <br /> Item Description: Investment Account f reement With US Bank,N.A., and Safekeeping <br /> Agreement - Resolution <br /> Attachment: Resolution to Designate Those Officers of the City of Orono Authorized for <br /> Investing and Safekeeping of City Funds With U.S. Bank,N.A. <br /> U.S. Bank has certain documents pertaining to the investing of city funds and the safekeeping <br /> of any investments the city has with U.S. Bank, N.A. The safekeeping document has been <br /> completed and requires the signature of the finance director. The document for the investing <br /> of funds by the city with U.S. Bank is in the form of a resolution. By adopting the resolution, <br /> the council identifies those City of Orono officers who are authorized to invest on behalf of <br /> the city. That document which follows the Orono Investment Resolution, designates the <br /> finance director, assistant finance director, and the city administrator as authorized to initiate <br /> investment transactions on behalf of the city. <br /> COUNCIL ACTION REQUESTED: Adoption of Resolution No. , to Designate <br /> Those Officers of the City of Orono Authorized for Investing and Safekeeping City Funds <br /> With U.S. Bank,N.A. <br /> WordUvftmo Council.4ction�2005Unvest Res USBank.msw <br />