HomeMy WebLinkAbout2025-001CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION 2025-001
A RESOLUTION TO DESIGNATE THE OFFICIAL DEPOSITORIES OF
FUNDS FOR 2025
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 2025:
• Lake Elmo Bank
• First Resource Bank
• US Bank NA
• Wells Fargo Bank
• 4M Fund
• PMA Securities, Inc.
• PMA Financial Network, Inc.
• WeIls Fargo Advisors
• Wells Fargo Securities
• Northland Securities Inc.
• Platinum Bank
ADOPTED BY THE CITY COUNCIL OF THE CITY OF LAKE ELMO THIS
7th DAY OF JANUARY 2025.
CITY COUNCIL
CITY OF LAKE ELMO
By:
Charles Cadenhead
Mayor
ATT
Juli J ;nson
City Jerk