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If you have any questions on the investment strategy presented, <br />please contact Sandy or Nancy M. prior to the council meeting. <br />This will allow us to contact Wells Fargo in advance so that we <br />can come prepared to address your questions at the meeting. <br />If the investment strategy is approved, to comply with MN Statutes <br />we must add Wells Fargo as an official depository for the City as <br />noted on the attached resolution. <br />We reviewed the City's Investment Policy to streamline and clarify <br />several areas. The proposed additions appear in red and the <br />strikethroughs reflect deletions. <br />Council Action Requested: <br />A. Council motion authorizing the City to enter into a Nonprofit <br />Service Agreement with Wells Fargo. <br />B. Council motion adopting a resolution designating an <br />additional official depositories. <br />C. Council motion adopting a resolution authorizing <br />appointment of Wells Fargo. <br />D. Council motion to amend the City's Investment Policy as <br />presented. <br />