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1 tt Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 4.6 <br /> Agenda Section Meeting Date Prepared by <br /> Consent Agenda February 1, 2016 Amanda Othoudt, EDD <br /> Item Description Reviewed by <br /> Designation of Official Depositories Cal Portner,City Administrator <br /> Reviewed by <br /> Action Requested <br /> Designate,by motion,the below-referenced banks and institutions as official depositories for the HRA <br /> for 2016. <br /> Background/Discussion <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 /> 2016,the following are proposed: <br /> • First National Bank of Elk River <br /> • 4M Fund <br /> • Wells Fargo Bank <br /> • The Bank of Elk River <br /> • US Bank <br /> • TCF Bank <br /> • UBS <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • N/A <br /> O l E R E D f l <br /> NATURE <br />