The URL can be used to link to this page

cp01-02-2002 cL I Notice of Public Meeting City of Hutchinson McLeod County State of Minnesota 0 Notice is hereby given that on December 21, 2001, Marlin Torgerson, Mayor of the City of Hutchinson, State of Minnesota, called for a public meeting to be held on January 2, 2002, at 7:30 a.m. at City Center relating to the organizational structure of the City Council and other general business pertaining to the Council. By order of the Mayor City of Hutchinson, Minnesota Marlin Torgerson Mayor Dated: December 27, 2001 . AGENDA HUTCHINSON CITY COUNCIL SPECIAL ORGANIZATIONAL MEETING WEDNESDAY, JANUARY 2, 2002, 7:30 A.M. 1. INSTALLATION OF NEWLY ELECTED CITY COU NCIL MEMBER ➢ MAYOR MARLIN TORGERSON COUNCIL MEMBER JOHN MLINAR ➢ COUNCIL MEMBER JIM HAUGEN 2. CALL TO ORDER — 7:30 A.M. (a) RESOLUTIONS 1. RESOLUTION NO. 11859 — DESIGNATING OFFICIAL NEWSPAPER 2. RESOLUTION NO. 11860 — APPOINTING CITY ADMINISTRATOR FOR 2002 3. RESOLUTION NO. 11861 — DESIGNATION OF DEPOSITORIES OF CITY FUNDS IN COMMERCIAL BANKS AND INSTITUTIONS 4. RESOLUTION NO. 11862 — RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM CITIZENS BANK AND TRUST CO. OF HUTCHINSON, MINNESOTA 5. RESOLUTION NO. 11863 — RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM MARQUETTE BANKS OF HUTCHINSON, MINNESOTA 6. RESOLUTION NO. 11864 — RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM FIRST FEDERAL FSB OF HUTCHINSON, MINNESOTA (b) CONSIDERATION OF INVESTMENT AUTHORIZATION Action - Motion to reject — Motion to approve ►I I►I .1 � 1►1 (a) CONSIDERATION FOR APPROVAL OF LEGAL SERVICES FOR 2002 5. NEW BUSINESS (a) SELECTION OF COUNCIL'S VICE PRESIDENT —JOHN MLINAR Action — Motion to elect (b) DESIGNATION OF COUNCIL REPRESENTATIVES: 1. AIRPORT COMMISSION — Marlin Torgerson 2. HUTCHINSON AREA HEALTH CARE BOARD — Duane Hoversten 3. HUTCHINSON COMMUNITY DEVELOPMENT CORP. BOARD (EDA) - Jim Haugen 4. HUTCHINSON HOUSING, INC. (HRA) — Duane Hoversten 5. LIBRARY BOARD — Kay Peterson 6. MID- MINNESOTA COMMISSION — John Mlinar 7. PARKS, RECREATION, COMMUNITY EDUCATION ADVISORY BOARD — John Mlinar 8. PLANNING COMMISSION — Jim Haugen 9. HUTCHINSON SAFETY COUNCIL — Kay Peterson 10. LIGHT TRAFFIC ADVISORY BOARD — Kay Peterson 11. TELECOMMUNICATIONS COMMISSION — Marlin Torgerson Action — Motion to ratify Mayor's appointments (c) APPOINTMENTS TO HEALTH BOARD: ➢ Dr. JAMES ALLEN ➢ DR. DAVID BYRON ➢ DR. DENNIS MURPHY Action — Motion to ratify Mayor's appointments (d) CONSIDERATION FOR SETTING SESSION WITH MARK CARRIGAN, ESQ. REGARDING LEGAL ACTION (e) CONSIDERATION OF SETTING COUNCIL WORKSHOP FOR JANUARY 8, 2002, AT 4:00 P.M. 5. ADJOURNMENT 0 RESOLUTION NO. 11859 DESIGNATING OFFICIAL NEWSPAPER BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUTCHINSON, I1dh THAT, The Hutchinson Leader be designated the official newspaper during the calendar year of 2002 for the City of Hutchinson. Adopted by the City Council this 2 "d day of January, 2002. Marlin Torgerson, Mayor ATTEST: Gary D. Plotz, City Administrator a (a � 0 RESOLUTION NO. 11860 APPOINTING CITY ADMINISTRATOR FOR 2002 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, 2002. • Marlin Torgerson Mayor ATTEST: Gary D. Plotz City Administrator L J 3(0.)a • RESOLUTION NO. 11861 DESIGNATION OF DEPOSITORIES OF CITY FUNDS IN COMMERCIAL BANKS AND INSTITUTIONS 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, 2002 for one year: CITIZENS BANK & TRUST COMPANY, HUTCHINSON, MN FIRST MINNESOTA BANK, HUTCHINSON, MN MARQUETTE BANKS OF HUTCHINSON, HUTCHINSON, MN BREMER BANK, HUTCHINSON, MN WELLS FARGO, HUTCHINSON, MN US BANK NATIONAL ASSOCIATION, MINNEAPOLIS, MN 4 M FUND - LEAGUE OF MINNESOTA CITIES FIRST FEDERAL FSB - HUTCHINSON, MN SALOMON SMITH BARNEY PRUDENTIAL SECURITIES NORTHWEST INVESTMENT SERVICES, MINNEAPOLIS, MN MILLER JOHNSON & KUEHN, MINNEAPOLIS, MN 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 according to law, and also subject to any depository agreement executed pursuant to Minnesota Statutes, Section 118.01 and Section 475.66, and 0 3 (0. )3 • RESOLUTION NO. 11F61 THAT the use o' 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 Finance Director 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 by the City Finance Director and each of the banks and institutions so designated. Adopted by the City Council this 3th day of January 2002. 9 Marlin Torgerson Mayor ATTEST: Gary D. Plotz City Administrator 3k 3 • RESOLUTION NO. 11862 RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM CITIZENS BANK AND TRUST CO. OF HUTCHINSON, MINNESOTA WHEREAS, the Citizens Bank & Trust Co. of Hutchinson, a City Depository, has presented collateral as follows for the City of Hutchinson and Hutchinson Utilities: SECURITY AMOUNT RATE MATURITY Federal Home Loan $1,000,000.00 6.25 11 -15 -02 Federal Home Loan $1,000,000.00 5.19 11 -08 -04 Fed. Home Loan Bank 1,000,000.00 5.215 07 -18 -05 Fed. Home Loan Bank 1,000,000.00 6.00 01 -28 -03 Fed. Home Loan Bank 1,000,000.00 6.00 07 -07 -04 FNMA 1,000,000.00 6.375 01 -16 -02 Fannie Mae 1,000,000.00 5.41 12 -15 -03 TOTAL $7,000,000.00 • 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 2 nd day of January, 2002. ATTEST: Gary D. Plotz Marlin Torgerson City Administrator Mayor • 3 (a,q • RESOLUTION NO. 118(3 RESOLUTION 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 GNMA Pool # 9810130006 GNMA Pool # 002631 FNMA cusip 31359TW20 AMOUNT $4,000,000.00 $2,000,000.00 $2,000,000.00 Berwyn ILL cusip 086257FW7 $235,000.00 FERRIS TX cusip 315387ER7 $300,000.00 MATURITY 11 -20 -28 08 -20 -28 07 -18 -28 12 -01 -03 08 -15 -03 Franklin & Adams cusip 352413EZ7 $350,000.00 12 -01 -05 • HAYFIELD MN cusip420848EA 7 $305,000.00 02 -01 -10 TOTAL $9,190,000.00 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, 2002. Marlin Torgerson Mayor ATTEST: . Gary D. Plotz City Administrator 3 t0.�5 • RESOLUTION NO. 11864 RESOLUTION APPROVING SECURITIES FOR COLLATERAL FROM FIRST FEDERAL FSB OF HUTCHINSON, MINNESOTA WHEREAS, the First Federal, fsb of Hutchinson, a City Depository, has presented collateral as follows for the City of Hutchinson, Hutchinson Utilities, and Hutchinson Community Hospital: FNMA Rem 12FA #920130001 2,000,000.00 01 -25 -22 FHLB F/R Note #930818001 2,000,000.00 08 -18 -05 FNMA 93 -138F #930728019 2,000,000.00 07 -25 -23 FNMA 93 -142F #931027007 1,243,908.00 08 -25 -23 TOTAL $7,243,908.00 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 2 °d day of January, 2002. Marlin Torgerson Mayor ATTEST: Gary D. Plotz City Administrator • 3 (0.2Y-p CITY OF HUTCHINSON MEMO Finance Department December 28, 2001 TO: MAYOR & CITY COUNCIL FROM: KEN MERRILL, FINANCE DIRECTOR SUBJECT: INVESTMENT AUTHORIZATION I would ask approval of the following Investments: Salomon Smith Barney Commercial Paper (this is all Al /P1 paper) Due 11/21/01 2.335% • $385,000.00 $300,615.39 Atlantic Asset Due 11/21/01 2.335% $777,950.29 Asset One Due 11/16/01 2.332% $777,407.40 Bavaria GLB Copr Due 11/21/01 2.108% Long Term Investments $300,375.00 FHLB Due 05/21/07 4.65% $255,000.00 FHLB C Due 10/04/06 4.80% $750,000.00 FHLB C Due 04/11/05 4.375% Prudential Financial Commercial Paper (this is all AZ /P1 paper) $201,292.00 Pru Moneymart Assets Due 11/21/01 2.335% Long Term Investments $385,000.00 FHLB Due 09/28/11 6.00% $200,000.00 FHLB C Due 4/25/07 5.05% $200,000.00 FHLB C Due 11/29/16 5.25% • 3C6 CITY OF HUTCHINSON MEMO Finance Department December 28, 2001 TO: MAYOR & CITY COUNCIL FROM: KEN MERRILL, FINANCE DIRECTOR SUBJECT: CITY COUNIL WORKSHOP I would request City Council approval, to set a workshop prior to the Tuesday, January 8, 2002 meeting beginning at 4 p.m.. The workshop review the 2002 - 2005 Capital Plan and 2002 budget L H: \DOC \City council memo 3.doc • S (e)