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City <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor and City Council <br /> <br />Joan Schmidt, City Clerk <br /> <br />January 12, 2004 <br /> <br />Designation of Official Depositories <br /> <br />Item #3.3 <br /> <br />State Statute and Elk River Code requires that each city designate an official depository or <br />depositories for the deposit of its funds. The attached resolution outlines the depositories to <br />be used for that purpose. <br /> <br />ACTION REQUESTED <br />Council makes a motion adopting the attached resolution authorizing the city's official <br />depositories for 2004. <br /> <br />S: \Council\Joan\depositories .doc <br /> <br /> <br />