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CITY OF LAKE ELMO <br />'ASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION 2018-01 <br />FUNDS FOR 2018 <br />WHEREAS, Minnesota Statutes, Chapter 427, requires the adoption of certain policies <br />and procedures pertaining to the deposit of public finds; and <br />WHEREAS, the statute also requires the designation of an official depository of funds b <br />a local government each year within 30 days of the beginning of the fiscal year: <br />NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Lake Elmo, <br />that the following financial institutions are hereby designated as the Official Depositories of Funds <br />for 201 : _ <br />• Lake Elmo Bank <br />• Well Fargo Bank <br />• _ Northland Securities Inc. <br />• Morgan Stanley <br />ADOPTED BY THE CITY COUNCIL OF THE CITY OF LAKE ELMO THIS 2nd <br />DAY OF JAN[.TAI Y 2018. <br />CITY COUNCIL <br />CITY OF LAKE ELMO <br />r.. <br />ry <br />By: <br />Tulips earson- <br />llayor <br />ATTEST. <br />Ju i oho <br />City Clem <br />