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HomeMy WebLinkAboutCC RES 05-002 RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORY FOR CITY FUNDS Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII ioaaio Box: 31 Folder: RES 2005 Document: CC RES 05-002 RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORY FOR CIN FUNDS • CITY OF ST. ANTHONY VILLAGE RESOLUTION 05-002 A RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORY FOR CITY FUNDS BE IT RESOLVED that the City Council of the City of St. Anthony hereby designates that Bremer Bank of St. Anthony as a depository for the funds of the City and that said bank shall also be the bank for this City with respect to any/all other banking services required or used by this City. BE IT FURTHER RESOLVED, that this notice shall continue in force until December 31, 2005, or until written notice of its revision or modification has been received by said bank. BE IT FURTHER RESOLVED, that said bank deposit such securities in the amount and in the manner required by law. BE IT FURTHER RESOLVED, that the Finance Director be authorized to accept such securities as collateral as required by law, and that said collateral be held at the Bremer Bank of St. Anthony for safekeeping. • BE IT FURTHER RESOLVED, that the City Clerk shall transmit to the Bremer Bank of St. Anthony a copy of this resolution. Adopted this IIt" day of January, 2005. Mayor ATTEST: CCS City Clerk Review for Administration City Manager •