Laserfiche WebLink
Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> ERMU Commission Troy Adams, P.E. —General Manager <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> December 12, 2017 2.3 <br /> SUBJECT: <br /> 2018 Official Depository <br /> ACTION REQUESTED: <br /> Designate First National Bank of Elk River as the official depository for 2018. <br /> BACKGROUND/DISCUSSION: <br /> Minnesota Statutes Section 118A.02 sets forth the procedures for the deposit of public funds and <br /> it is necessary for the Utilities Commission to annually designate a bank (or banks) as the official <br /> depository for utility funds. <br /> Staff recommends designating First National Bank of Elk River as the utility's official <br /> depository for the funds of Elk River Municipal Utilities for 2018. <br /> FINANCIAL IMPACT: <br /> N/A <br /> Page 1 of 1 <br /> 99 <br />