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01/11/1999 Council Packet
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01/11/1999 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
01/11/1999
Council Meeting Type
Regular
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AGENDA ITEM 4A <br />STAFF MEMBER Daniel Tesch, Director of Administration <br />DATE 5 December 1999 <br />SUBJECT Official Depositories <br />BACKGROUND <br />Each year, the city is required to designate legal depositories. I would <br />recommend the council approve the following agencies as legal depositories, thereby <br />allowing us to invest city funds and carry out financial transactions. Lino Lakes State <br />Bank and the League's 4M Fund are new to our list of depositories. <br />Norwest Bank <br />First Bank NA <br />Firststar Bank <br />Merrill Lynch <br />Dain Bosworth <br />Juran & Moody <br />Prudential Bache <br />Lino Lakes State Bank <br />League of Minnesota Cities 4M Fund <br />OPTIONS <br />1. Approve the official depositories as listed. <br />2. Not approve the list of depositories. <br />RECOMMENDATION <br />1. <br />
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