HomeMy WebLinkAboutInternet Committee Minutes 01.31.1990M I N U T E S
INVESTMENT COMMITTEE
DATE 1/31/90 TIME 4:30
PLACE City Hall
MEMBERS PRESENT: CHAIRMAN Pew Kamerzel
Don H/ackmann Chuck Dickerson
OTHERS PRESENT Steve Cosner Bill Thorndahl
1. The chairman informed the committee that a certain
financial institution continously fails to meet the
City's policy of pledged securities. Don made a
motion that Security Federal Savings Bank not be
included in our bidding process until they comply.
Chuck seconded the motion. The committee agreed.
2. Peg also stated that after a trial basis of one year,
it has not brought us a higher rate of interest to
combine all our money in one investment. Don and Peg
agreed that we should go back to split investments.
3. There was discussion on radible distribution on demand
money; the committee would like this done quarterly.
The chairman said she would comply.
P- Kamirze `
Chairman
4
P .P`