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i i ~ ~~ <br />L i i i <br />~ ~ Ti iT i i <br />WHEREAS, Minnesota Statutes Section 1 ~ 8A.02 sets Earth the procedures for the deposit <br />of public funds and it is necessary far the Elk River City Council or City Finance Director to <br />annually designate a bank ~or ba~.ks} as the of~.cial depositary for City funds and manage the <br />collateral pledged to such funds. <br />BE TT RESLVEI~, by the City Council of the City of Elk River that the following named <br />banks are hereby designated as the City's official depositories far the funds of the City of Ells <br />River, Mi~inesota for 2010; <br />~. First National Bank of Elk River <br />2, 4Nl Fund <br />3. wells Fargo <br />4. The Bank of Elk River <br />5. US Bank <br />G, TCF Bank <br />B]E IT FUR'T'HER RESQI,V'E~ that the City finance director may reco~m..~nend that <br />additional depositaries be designated far purposes of westing funds. <br />Passed and adopted by the City Council of the City of Elk River this 4~' day of January, 2010. <br />~._ <br />~f 1 <br />1, <br />Ste anie A. l~li~a.zin ayo <br />ATTEST; <br />._.. ..- <br />Tina .A.llard, City Clerk <br />S,~Administratio~~Council RCA`Annual First Meeting~Depasfrory Resolu~ion.doc <br />