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�— Cc ky of EN River <br />ver City Counc R <br />Resolution 98- o1 <br />A Resolution of the City Council of the City of Elk River Designating <br />Depositories of City Funds <br />WHEREAS, Minnesota Statutes Section 118A.02 sets forth the procedures for the deposit <br />of public funds and it is necessary for the Elk River City Council or city finance director to <br />annually designate a bank (or banks) as the official depository for city funds and manage the <br />collateral pledged to such funds. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: the following named banks are hereby designated as the city's <br />official depositories for the funds of the City of Elk River, Minnesota: <br />1. First National Bank of Elk River <br />2. 4M Fund <br />3. Wells Fargo <br />4. The Bank of Elk River <br />5. US Bank <br />6. UBS Financial Services <br />BE IR FURTHER RESOLVED the city finance director may recommend additional <br />depositories be designed for the purpose of investing funds. <br />Passed and adopted this 2"' day of January 2018. <br />hn J Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />►DRERED ROE' <br />