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FUNDS FOR 2016 <br />WHEREAS, Minnesota Statutes, Chapter 427, requires the adoption of certain policies <br />and procedures pertaining to the deposit of public funds; and <br />WHEREAS, the statute also requires the designation of an official depository of funds <br />by a local govermuent 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 <br />Elmo, that the following financial institutions are hereby designated as the Official Depositories <br />of Funds for 2015: <br />0 Lake Elmo Bank <br />• Well Fargo Bank <br />• Northland Securities <br />• Morgan Stanley Smith Barney LLC <br />ADOPTED BY THE CITY COUNCIL OF THE CITY OF LAKE ELMO THIJ <br />FIFTH DAY OF JANUARY 2016. <br />LUNK�Rjuetin <br />By:, <br />Mike Pearson <br />Mayor <br />ATTEST: <br />JuliClohnsonj <br />Clerk <br />Resolution 2016-01 <br />