City of Blaine Anoka County, Minnesota - File #: MO 13-005

• File #: MO 13-005
• Version: 1
• Name: Designate 2013 Depositories
• Type: Motion
• Status: Passed
• File created: 1/3/2013
• In control: City Council
• On agenda: 1/3/2013
• Final action: 1/3/2013
• Title: DESIGNATE OFFICIAL CITY DEPOSITORIES FOR 2013
• Sponsors: Joe Huss

Date	Ver.	Action By	Action	Result
1/3/2013	1	City Council	Approved	Pass

ITEM:         5.4         AWARDS - PRESENTATIONS- ORGANIZATIONAL BUSINESS - Joe Huss, Finance Director

Title

DESIGNATE OFFICIAL CITY DEPOSITORIES FOR 2013

Background

This item fulfills the requirement of Minnesota State Statutes §118A.02.  21^st Century Bank has served as the City's primary banking services provider since 2008 and has provided satisfactory service with regard to the terms of the agreement.  The City's senior housing accounts are on deposit with Village Bank, and US Bank is used as a depository for certain investment transactions.  Should it become necessary to approve additional depositories at some time in 2013, an item would be brought before Council at that time.

Recommendation

By motion, designate the following as official depositories for City funds for 2013:

21^st Century Bank

Village Bank

US Bank