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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Housing and Redevelopment Authority 4.6 <br />Agenda Section Meeting Date Prepared by <br /> <br />Consent AgendaFebruary 2, 2015Jeremy Barnhart, Deputy Director, CODD <br />Item Description Reviewed by <br />Designation of Official Depositories <br />Reviewed by <br /> <br /> <br />Action Requested <br /> <br />Designate, by motion, the below-referenced banks and institutions as official depositories for the HRA <br />for 2015. <br /> <br />Background/Discussion <br /> <br />The HRA Bylaws require the designation of official depositories at the Annual Meeting of the HRA. <br />Historically, the HRA has designated depositories similar to those designated by the City Council. For <br />2015, the following are proposed: <br /> <br /> <br /> <br />First National Bank of Elk River <br /> <br /> <br />4M Fund <br /> <br /> <br />Wells Fargo Bank <br /> <br /> <br />The Bank of Elk River <br /> <br /> <br />US Bank <br /> <br /> <br />TCF Bank <br /> <br /> <br />These reflect no change from 2014. <br /> <br />Financial Impact <br /> <br />N/A <br /> <br />Attachments <br /> <br /> <br /> <br />N/A <br /> <br /> <br />