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515 Little Canada Road, Little Canada, MN 55117 =1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www.c i.l ittle- canada. mn. us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Sharon Provos, Finance Director <br />DATE: April 17, 2014 <br />RE: Investment Depository <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Rick Montour <br />John Reis <br />Michael McGraw <br />Shelly Boss <br />ADMINIST'RA'TOR <br />Joel R. Hanson <br />City staff has been looking for investment depositories for the City for the bond proceeds for the <br />Public Works /Parks Garage. During this search, it was determined that Royal Credit Union (RCU) <br />could fulfill some the City's investment needs. Staff is recommending that Royal Credit Union be <br />authorized as an investment depository for the City of Little Canada, subject to compliance with <br />statutory requirements. <br />