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TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br /> **ITEM 5.1. ** <br /> <br />MEMORANDU~ <br /> <br /> Mayor & City Council ~ <br /> Lori Johnson, Asst. City Administrator <br /> <br /> January 8, 1996 <br /> <br /> Official Depositories <br /> <br />Minnesota Statute 118 requires that each city designate an official depository <br />or depositories for the deposit of its funds. The attached resolution outlines <br />the depositories to be used for that purpose. The depositories remain the <br />same as in past years. <br /> <br />Action Requested <br /> <br />The City Council is asked to approve the attached resolution authorizing the <br />city's official depositories for 1996. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />