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HomeMy WebLinkAboutCC RES 06-002 RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORY FOR CITY FUNDS Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII 104315 Box: 31 Folder: RES 2006 Document: CC RES 06-002 RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORY FOR CIN FUNDS CITY OF ST. ANTHONY VILLAGE RESOLUTION 06-002 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, N.A. 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, 2006, 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, N.A. of St. Anthony a copy of this resolution. Adopted this 10th day of January, 2006. Mayor ATTEST: City Clerk Review for Administration City anager FACouncil Meetings\2006\01102006\depository for city funds.doc