HomeMy WebLinkAboutcc_1 5 16_Resolution 2016-01 Designating Official Depository of FundsResolution 2016-01
CITY OF LAKE ELMO WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION 2016-01 A RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORIES OF
FUNDS FOR 2016
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 2015:
• 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
FIFTH DAY OF JANUARY 2016.
CITY COUNCIL
CITY OF LAKE ELMO
By: __________________________
Mike Pearson
Mayor ATTEST:
________________________________
Julie Johnson City Clerk