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AGENDA ITEM 3C <br />STAFF ORIGINATOR: Brian Wess+ <br />DATE: 2/10/97 <br />TOPIC: Consideration of Official Depositories <br />BACKGROUND: <br />The I depositories approved for 1997 by the City Council is as follows: <br />Norwest Bank, First Bank NA, Firstar Bank, Merrill Lynch, Dain Bosworth, Juran <br />and Moody, and Prudential Bache. These depositories are used for check, <br />savings and investing city dollars. On occasion the EDA and the city have <br />financial ttansactions that will require` the EDA to have designated legal <br />depositories. <br />OPTIONS: <br />1. Approve the list of legal depositories <br />2. Return to staff for further consideration <br />RECOMN <br />ENDATION: <br />Option 1 <br />