HomeMy WebLinkAboutResolution 2016-001FUNDS 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 govermuent 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:
0 Lake Elmo Bank
• Well Fargo Bank
• Northland Securities
• Morgan Stanley Smith Barney LLC
ADOPTED BY THE CITY COUNCIL OF THE CITY OF LAKE ELMO THIJ
FIFTH DAY OF JANUARY 2016.
LUNK�Rjuetin
By:,
Mike Pearson
Mayor
ATTEST:
JuliClohnsonj
Clerk
Resolution 2016-01