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<br /> <br />Item # 4. 3 . <br /> <br />MEMORANDUM <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Joan Schmidt, City Clerk <br /> <br />DATE: January 3, 2005 <br /> <br />SUBJECT: Designation of Official Depositories <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 REOUESTED <br />Council makes a motion adopting the attached resolution authorizing the city's official <br />depositories for 2005. <br /> <br />S: \ Council\J oan \depositories .doc <br />