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IT ~®b® <br />Cty of <br />Elk ~--~ <br />River <br />MEMORANDUM <br />®us~ng eev~el®pn~ent A~th®~~t~ <br />F athe~in~ ehelich, ~~ect~r ®f c®n®n~ic eel®n~~nt <br />ATE: January 4, 21 <br />S J es~nati®n ~f fficia~ ep®sit®r~es <br />In the past t11e ~~R~ 11as designated depositofies si~nila~ to those designated by the City <br />Council. Foi 2010, the Hl~ is asl~ed to designate the follotiving ba~.a.l~s and ins~tutions as <br />depositories fog: its funds; <br />® First National Bank of Ells Rive <br />® 4NI Fund <br />~ ~Iells Fargo Bank <br />~ The Banl~ of Ells River <br />® V~13af11~ <br />ec~nnn~enati®n <br />Staff reco~rn~nends the HRA designate the above-.referenced banks aid i~~stitutio~s as official <br />depositories for the HRS. for 200. <br />