City of Blaine Anoka County, Minnesota - File #: MO 15-002

• File #: MO 15-002
• Version: 1
• Name: Designate 2015 Official Depositories
• Type: Motion
• Status: Passed
• File created: 1/8/2015
• In control: City Council
• On agenda: 1/8/2015
• Final action: 1/8/2015
• Title: DESIGNATE OFFICIAL CITY DEPOSITORIES FOR 2015
• Sponsors: Joe Huss

Date	Ver.	Action By	Action	Result
1/8/2015	1	City Council	Approved	Pass

AWARDS-PRESENTATIONS-ORGANIZATIONAL BUSINESS - Joe Huss, Finance Director

Title

DESIGNATE OFFICIAL CITY DEPOSITORIES FOR 2015

Background

This item fulfills the requirement of Minnesota State Statute 118A.02.  21^st Century Bank serves as the City's primary banking services provider.  The EDA Senior Housing accounts are with Village Bank, and US Bank is used as a depository for certain investment transactions.  Should it become necessary to approve additional depositories in 2015, the item would be brought up at that time.

Recommendation

By motion, designate the following as official depositories for City funds in 2015:

21st Century Bank

Village Bank

US Bank