Laserfiche WebLink
• <br />• <br />• <br />STAFF ORIGINATOR: <br />DATE: <br />TOPIC: <br />AGENDA ITEM 3C <br />Mary Alice Divine <br />4/08/02 <br />Consideration of Official Depositories <br />Vote Required: Simple Majority <br />BACKGROUND: <br />The list of legal depositories approved for 2002 by the City Council is as follows: <br />Wells Fargo <br />First Bank, NA <br />Firstar Bank <br />Dain Bosworth <br />Lino Lakes State Bank <br />Solomon, Smith, Barney <br />Prudential Bache <br />Community National Bank <br />Merrill Lynch <br />Juran & Moody <br />LMC 4M Fund <br />Others as needed <br />These depositories are used for checking, savings and investing city dollars. On <br />occasion the EDA and the city have financial transactions that will require the <br />EDA to have designated legal depositories. <br />OPTIONS: <br />1. Approve the list of legal depositories <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />