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CITY OF LAl ELMO <br />WAS14INGTON COUNTY <br />STATE OF MINNESOTA <br />SOLUTION 2017-001 <br />SOLUTION DESIGNATING THE OFFICIAL DEPOSITORIES OF <br />FUNDS FOR 2017 <br />WHEREAS, Minnesota Statutes, Chapter 427,requires the adoption of certain policies <br />and procedures pertaining to the deposit of public funds; and <br />WHEREAS, the statute also requires the designation of an official depository of funds by <br />a local government each year within 30 days of the beginning of the fiscal year. <br />NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Labe Elmo <br />that the following financial institutions are hereby designated as the Official Depositories of Funds <br />for2015: <br />• Lake Elmo Bank <br />• Well Fargo Bank- <br />• Northland Securities <br />• Morgan Stanley Smith Barney LLC <br />ADOPTED BY THE E CITY COUNCIL OF THE CITY OF LAKE ELMO THIS <br />THIRD DAY OF JANUARY 2017. <br />CITY COUNCIL <br />CITY OF LAKE ELMO <br />.w-M 1i� Pearson <br />Mayor <br />Resolution o 2016-01 <br />