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ITEM #3.6. <br />MEMORANDUM <br />TO: Housing Redevelopment Authority <br />FROM: Annie Deckert, Director of Economic Development <br />DATE: February 6, 2012 <br />SUBJECT: Designation of Official Depositories <br />In the past the HRA has designated depositories similar to those designated by the City <br />Council. Fox 2012, the HRA is asked to designate the following banks and institutions as <br />depositories for its funds: <br />• First National Bank of Elk River <br />• 4M Fund <br />• Wells Fargo Bank <br />• The Bank of Elk River <br />• USBank <br />• TCF Bank <br />Staff recommends the HRA designate the above-referenced banks and institutions as official <br />depositories for the HRA for 2012. <br />®wE~E~ er <br />A <br />