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City of <br /> Pe ?q not AGENDA ITEM #3.4A <br /> Lakes <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: September 2, 2008 <br /> Subject: Purchase of a $10,000 CD for Endowment Fund <br /> Report: See attached memo from Nancy Adams <br /> Council Action Requested: Council motion approving <br /> purchase of Certificate of Deposit to be designated for the <br /> endowment fund <br />