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  <br />  <br />Request for Action <br /> <br /> <br />To <br />Housing and Redevelopment Authority <br />Item Number <br />4.6 <br />Agenda Section <br />Consent Agenda <br />Meeting Date <br />February 6, 2017 <br />Prepared by <br />Amanda Othoudt, EDD <br />Item Description <br />Designation of Official Depositories <br />Reviewed by <br />Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Designate, by motion, the below-referenced banks and institutions as official depositories for the HRA <br />for 2017. <br /> <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 />2017, the following are proposed: <br /> <br /> First National Bank of Elk River <br /> 4M Fund <br /> Wells Fargo <br /> The Bank of Elk River <br /> US Bank <br /> UBS Financial Services <br /> <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> N/A <br />