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Request for Action <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.3 <br />Agenda Section Meeting Date Prepared by <br />Consent January 3, 2017 Tina Allard, City Clerk <br />Item Description Reviewed by <br />Resolution Designating Depositories for City Funds Cal Portner, City Administrator <br />Reviewed by <br />Lori Ziemer, Finance Director <br /> <br />Action Requested <br />Adopt, by motion, a resolution authorizing the city’s official depositories for 2017. <br /> <br />Background/Discussion <br />City code and state statute require the city to designate official depositories for the deposit of its funds. <br />The attached resolution outlines the depositories to be used for these purposes. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Resolution <br /> <br /> <br />