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<br /> <br />ITEM 6. 1. <br /> <br />TO: MAYOR & CITY COUNCIL <br /> <br />FROM: LORI JOHNSON, FINANCE DIRECTOR <br />DATE: DECEMBER 29, 1992 <br /> <br />SUBJECT: RESOLUTION DESIGNATING <br />DEPOSITORIES OF CITY FUNDS FOR 1993 <br /> <br />Each year the City is required by law to designate <br />for the year. Attached is a resolution <br />depositories for City funds for 1993. <br /> <br />depositories <br />designating <br /> <br />There are two name changes from last year. Bankers Systems <br />Investment Centers is now Primevest and Security Financial is <br />now Metropolitan Financial. In addition, Marquette National <br />Bank of Minneapolis has been deleted; the City has not invested <br />with Marquette for several years as Marquette's rate is usually <br />lower than other investment options. <br /> <br />. <br /> <br />. <br /> <br />720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420 <br />