cp01-02-1996 cAGENDA
• SPECIAL ORGANIZATIONAL MEETING - HUTCHINSON CITY COUNCIL
TUESDAY, JANUARY 2, 1996
1. CALL TO ORDER - 7:00 A.M.
2. INSTALLATION OF NEWLY ELECTED MAYOR MARLIN TORGERSON AND
COUNCIL MEMBERS KAY PETERSON AND DON ERICKSON
3. RESOLUTIONS
(a) RESOLUTION NO. 10613 - DESIGNATING OFFICIAL NEWSPAPER
(h) RESOLUTION NO. 10614 - APPOINTING LEGAL COUNSEL
(c) RESOLUTION NO. 10615 - APPOINTING CITY ADMINISTRATOR FOR 1996
(d) RESOLUTION NO. 10616 - DESIGNATION OF DEPOSITORIES OF CITY
FUNDS IN COMMERCIAL BANKS AND INSTITUTIONS
• (e) RESOLUTION NO. 10617 - DESIGNATION OF DEPOSITORY OF CITY
FUNDS, FEDERAL SAVINGS AND LOAN ASSOCIATIONS
(f) RESOLUTION NO. 10618 - RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM CITIZENS BANK AND TRUST CO. OF HUTCHINSON,
MINNESOTA
(g) RESOLUTION NO. 10619 - RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM MARQUETTE BANKS OF HUTCHINSON, MINNESOTA
(h) RESOLUTION NO. 10620 - RESOLUTION APPROVING SECURITIES FOR
COLLATERAL FROM FIRST FEDERAL FSB OF HUTCHINSON, MINNESOTA
Action - Motion to reject - Motion to waive readings and adopt Resolutions
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(a) SELECTION OF COUNCIL'S VICE PRESIDENT - J014N MLINAR
Action - Motion to elect
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(b) DESIGNATION OF COUNCIL REPRESENTATIVES:
• 1. AIRPORT COMMISSION - Marlin Torgerson
2. HUTCHINSON AREA HEALTH CARE BOARD - Don Erickson
3. HUTCHINSON COMMUNITY DEVELOPMENT CORP. BOARD
(HCDC) - Bill Craig
4. HUTCHINSON HOUSING, INC. (HRA) - Don Erickson
5. LIBRARY BOARD - Kay Peterson
6. MID - MINNESOTA COMMISSION - John Mlinar
7. PARKS, RECREATION, COMMUNITY EDUCATION ADVISORY
BOARD - John Mlinar
8. PLANNING COMMISSION - Bill Craig
9. SAFETY COUNCIL - Kay Peterson
• 10. LIGHT TRAFFIC TASK FORCE - Kay Peterson
Action - Motion to ratify Mayor's appointments
(c) APPOINTMENTS TO HEALTH BOARD
1. DR. JIM ALLEN
2. DR. DAVID BYRON
3. DR. DENNIS MURPHY
Action - Motion to ratify Mayor's appointments
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•
RESOLUTION NO. 10613
• DESIGNATING OFFICIAL NEWSPAPER
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA:
THAT, The Hutchinson ad r be designated the official
newspaper during the calendar year of 1996 for the City of
Hutchinson.
Adopted by the City Council this 2nd day of January, 1996.
Marlin Torgerson
• Mayor
ATTEST:
Gary D. Plotz
City Administrator
•
RESOLUTION NO. 10614
• APPOINTING LEGAL COUNSEL
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA:
THAT G. Barry Anderson, of the law firm of Arnold, Anderson &
Dove, P.L.L.P. is hereby appointed as City Attorney in exchange for
payment of a retainer for a one year period from January 1, 1996 to
December 31, 1996. Services to be included within the agreed upon
retainer amount are: prosecution of police department cases;
attendance at all City Council and Planning Commission meetings;
preparation of resolutions and ordinances and other customary legal
services in the normal course of City business including but not
limited to professional supervision of duties performed by the
Assistant City Attorney.
Matters such as appearances in state district court or federal
district court, or appearances in the court of appeals or state
supreme court, will be billed as additional legal services outside
• of the retainer agreement and at the usual and customary hourly
rate to be approved by the City Administrator. In addition,
collection actions may be billed on a contingent fee basis and any
amounts received for such actions shall be considered apart from
the retainer arrangement described above.
Adopted by the City Council this 2nd day of January, 1996.
Marlin Torgerson
Mayor
ATTEST:
Gary D. Plotz
City Administrator
•
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RESOLUTION NO. 10615
• APPOINTING CITY ADMINISTRATOR FOR 1996
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA:
THAT, the following appointment to the indicated executive
office of the City of Hutchinson is made for the period of one
year. Compensation shall be continued as agreed upon by separate
Council action:
City Administrator Gary D. Plotz
Adopted by the City Council this 2nd day of January, 1996.
•
•
Marlin Torgerson
Mayor
ATTEST:
Gary D. Plotz
City Administrator
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RESOLUTION NO. 10616
• DESIGNATION OF DEPOSITORIES OF CITY FUNDS
IN COMMERCIAL BANKS AND INSTIT=IONS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA:
THAT the following named banks and institutions, which are
authorized to do a banking business and act as depositories in
Minnesota, be and they hereby are designated depositories of the
Public Funds of the City of Hutchinson in the County of McLeod,
State of Minnesota, by the City Council of said City, for the term
commencing January 1, 1996 for one year:
CITIZENS BANK & TRUST COMPANY, HUTCHINSON, MN
THE FIRST BANK OF MINNESOTA, HUTCHINSON, MN
MARQUETTE BANKS OF HUTCHINSON, HUTCHINSON, MN
• FIRST BANK, MINNEAPOLIS, MN
FIRST BANK ST. PAUL, ST. PAUL, MN
AMERICAN NATIONAL BANK, ST. PAUL, MN
FIDELITY BANK AND TRUST COMPANY
MERRILL LYNCH, DAIN BOSWORTH, INC.
PIPER JAFFRAY & HOPWOOD, INC.
SHEARSON LEHMAN BROTHERS
SMITH BARNEY SHEARSON
PRUDENTIAL SECURITIES
upon terms and conditions following, to -wit:
THAT this designation is subject to the right of said City of
• Hutchinson, Minnesota to modify, vacate, or revoke the same
RESOLUTION NO. 10fi16
• according to law, and also subject to any depository agreement
executed pursuant to Minnesota Statutes, Section 118.01 and Section
475.66, and
THAT the use of these depositories other than those located in
the City of Hutchinson shall be for monies from the proceeds of
bond sales or grant reimbursement monies only. The interest rate
from these institutions must exceed the interest rate of City
financial institutions by more than .5 %.
BE IT FURTHER RESOLVED:
THAT the City Administrator of the City of Hutchinson is
hereby authorized and directed to deposit in said banks and
institutions in special funds to be known as "City of Hutchinson"
all monies that may come into his hands.
BE IT FURTHER RESOLVED:
• THAT a copy of this resolution be filed with the City
THAT
and each of the banks and institutions so designated.
Adopted by the City Council this 2nd day of January, 1996.
Marlin Torgerson
Mayor
ATTEST:
Gary D. Plotz
City Administrator
•
RESOLUTION NO. 10617
• DESIGNATION OF DEPOSITORY OF CITY FUNDS
FEDERAL SAVINGS AND LOAN ASSOCIATIONS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON,
MINNESOTA:
THAT First State Federal Savings and Loan Association,
Hutchinson, Minnesota is hereby designated as an official
depository of and for funds of the City of Hutchinson up to the
maximum designated by law.
Adopted by the City Council this 2nd day of January, 1996.
•
•
Marlin Torgerson
Mayor
ATTEST:
Gary D. Plotz
City Administrator
RESOLUT_ON NO. 10618
RESOLUTION APPP.D';1tG SECURITIES FOR
COLL`.TEF.AL FROM CITIZENS BANK AND TRUST CD.
OF HUTCH - -NSON, MINNESJTA
WHEREAS, the Citizens Bank & Trust Co. of Hutchinson, a City
Depository, has presented collateral as follows for the City of
Hutchinson and Hutchinson Utilities:
• BE IT RESOLVED by the City Council of the City of Hutchinson,
Minnesota that the Treasurer be authorized to accept said
securities as collateral and that said collateral be deposited for
safekeeping.
Adopted by the City Council this 2nd day of January, 1996.
ATTEST:
Gary D. Plotz
City Administrator
Marlin Torgerson
Mayor
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SECURITY
AMOUNT
RATE
MATURITY
U.S.
Treasury Note
$ 500,000.00
7.625
04
-30
-96
U.S.
Treasury Note
500,000.00
4.375
08
-15
-96
Fed.
Home Loan Bank
500,000.00
5.800
07
-07
-98
Fed.
Home Loan Bank
11000,000.00
7.890
12
-23
-97
Fed.
Home Loan Bank
110001000.00
6.335
08
-28
-96
Fed.
Home Loan Bank
500,000.00
5.200
08
-04
-97
Fed.
Natl. Mort. Assoc.
1,000,000.00
7.000
02
-10
-96
Fed.
Natl. Mort. Assoc.
500,000.00
6.050
01
-12
-98
Fed.
Natl. Mort. Assoc.
11000,000.00
6.270
07 -19
-96
Fed.
Natl. Mort. Assoc.
11Q061000,00
4.583
10 -25
-96
TOTAL
$ 7,500,000.00
• BE IT RESOLVED by the City Council of the City of Hutchinson,
Minnesota that the Treasurer be authorized to accept said
securities as collateral and that said collateral be deposited for
safekeeping.
Adopted by the City Council this 2nd day of January, 1996.
ATTEST:
Gary D. Plotz
City Administrator
Marlin Torgerson
Mayor
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RESOLUTION N0. 10619
•
•
RESOLU'T'ION APPROVING SECURITIES FOR,
COLLATERAL FROM MARQUETTE BANK
OF HUTCHINSON, MINNESOTA
WHEREAS, the Marquette Bank of Hutchinson, a City Depository,
has presented collateral as follows for the City of Hutchinson and
Burns Manor Nursing Home:
,SECURITY
U.S. Treasury Note N98
U.S. Treasury Note C96
U.S. Treasury Note R98
Atlanta Tex
Burnsville, MN GO
Stillwater MN Go
Stillwater MN Go
Issaquah, WA King Co.
UT GO Bank Qualified
Superior WI UT Go Bk
Centerville, TX ISD
Decorah, IA SCH DIS
Woodhaven Mich Sch
FNMA Pool 102248 ARM
FNMA MTG -BKD #226554
TOTAL
$ 500,000.00
05
-31
-98
300,000.00
05
-15
-96
500,000.00
08
-31
-98
100,000.00
02
-15
-03
125,000.00
02
-01
-01
200,000.00
02
-01
-00
100,000.00
02
-01 -02
100,000.00
12
-01
-04
100,000.00
12
-01
-06
150,000.00
08
-15 -04
150,000.00
06 -01
-02
100,000.00
05 -01
-02
20,125.14
05 -01
-20
747.029.17
08 -01
-03
$ 3,192,154.31
BE IT RESOLVED by the City Council of the City of Hutchinson,
Minnesota that the Treasurer be authorized to accept said
securities as collateral and that said collateral be deposited for
safekeeping.
Adopted by the City Council this 2nd day of January, 1996.
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ATTEST:
Gary D. Plotz
City Administrator
Marlin Torgerson
Mayor
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RESOLUTION NO. tnr ?n
n
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RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM FIRST STATE FEDERAL SAVINGS & LOAN ASSOCIATION
OF HuTCHINSON, MINNESOTA
',THEREAS, the First State Federal Savings & Loan Association of
Hutchinson, a City Depository, has presented collateral as follows
for the City of Hutchinson, Hutchinson Utilities, and Hutchinson
Community Hospital:
U.S. Treasury #890811034
FNMA Rem 12FA #920130001
FHLB F/R Note #930818001
FNMA 93 -138F #930830004
FHLMC 1535FA #930628023
091W.
$1,000,000.00 02 -15 -16
2,000,000.00 01 -25 -22
2,000,000.00 08 -18 -05
11000,000.00 08 -25 -23
3,000.000.00 12 -15 -22
$9,000,000.00
BE IT RESOLVED by the City Council of the City of Hutchinson,
Minnesota, that the Treasurer be authorized to accept said
securities as collateral and that said collateral be deposited for
safekeeping.
Adopted by the City Council this 2nd day of January, 1996.
Marlin Torgerson
Mayor
P
ATTEST:
Gary D. Plotz
City Administrator
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