City of Blaine Anoka County, Minnesota - File #: MO 21-06

• File #: MO 21-06
• Version: 1
• Name: Designate 2021 Depositories
• Type: Motion
• Status: Passed
• File created: 1/4/2021
• In control: City Council
• On agenda: 1/4/2021
• Final action: 1/4/2021
• Title: DESIGNATE OFFICIAL CITY DEPOSITORIES FOR 2021
• Sponsors: Joe Huss

Date	Ver.	Action By	Action	Result
1/4/2021	1	City Council	Approved	Pass

ORGANIZATIONAL BUSINESS - Joe Huss, Finance Director

Title

DESIGNATE OFFICIAL CITY DEPOSITORIES FOR 2021

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 and US Bank is used as a depository for certain investment transactions.  Village Bank is the primary provider for Twin Cities Gateway, the local tourism board for which Blaine serves as the fiscal agent.

Recommendation

By motion, designate the following as official depositories for City funds in 2021:

21st Century Bank

Village Bank

US Bank