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<br /> <br />*Item #3.3.* <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />FROM: <br /> <br />Joan Schmidt, City Clerk <br /> <br />DATE: <br /> <br />January 9, 2006 <br /> <br />SUBJECT: <br /> <br />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 ofits funds. The attached resolution outlines the depositories to <br />be used for that purpose. <br /> <br />ACTION REQUESTED <br />Council adopts the attached resolution authorizing the city's official depositories for 2006. <br /> <br />s: \ Council\) oan \ Council Issues \depositories.doc <br />