HomeMy WebLinkAboutItem 4 - Resolution 2014-01 Designating Official Depository of FundsResolution 2014-01
CITY OF LAKE ELMO WASHINGTON COUNTY STATE OF MINNESOTA RESOLUTION 2014-01 A RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORIES OF FUNDS FOR 2014 WHEREAS, Minnesota Statutes, Chapter 427, requires the adoption of certain policies
and procedures pertaining to the deposit of public funds; and
WHEREAS, the statute also requires the designation of an official depository of funds by a local government each year within 30 days of the beginning of the fiscal year.
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Lake Elmo, that the following financial institutions are hereby designated as the Official Depositories
of Funds for 2014:
• Lake Elmo Bank
• Well Fargo Bank
• Northland Securities
• Morgan Stanley Smith Barney LLC
ADOPTED BY THE CITY COUNCIL OF THE CITY OF LAKE ELMO THIS SIXTH DAY OF JANUARY 2014.
CITY COUNCIL
CITY OF LAKE ELMO
By: __________________________ Mike Pearson Mayor ATTEST:
________________________________ Adam Bell City Clerk