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~~i <br />Elk REQUEST FOR ACTION <br />River <br />-ro Item Number <br />Ci Council 3.4. <br />Agenda Section Meeting Date Prepared by <br />Consent anua 7, 2008 Tina Allard, Ci Clerk <br />Item Description Reviewed by <br />Resolution Designating Depositories of City Funds Lori ohnson, Ci Adtnitustratar <br /> Reviewed by <br />Action Requested <br />Council adoption of attached resolution authorizing the city's official depositories fox 2008. <br />Background/Discussion <br />State Statute and Elk River Code requires that each city designate an official depository or depositories <br />for the deposit of funds. The attached resolution outlines the depositories to be used for that purpose. <br />Financial Impact <br />N/A <br />Attachments <br />^ Resolution designating depositories of city funds <br />Action Motion by Second by Vote <br />FOllow Up <br />S:\Council\Clerk\Annual First Meeting\2008\Depositories.doc <br />