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HomeMy WebLinkAboutCity Council Resolution 2008-004CITY OF PLYMOUTH RESOLUTION NO. 2008-004 APPOINTING OFFICIAL DEPOSITORIES FOR CITY FUNDS FOR 2008 WHEREAS, State Statutes require the City to designate depositories for City fiinds; NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that Anchor Bank National Association and Wells Fargo Bank be designated as the official depositories 2008 for the City of Plymouth's depository accounts; and BE IT FURTHER RESOLVED that the Mayor, City Manager, and Director of Administrative Services are the authorized signers for all City bank accounts; BE IT FURTHER RESOLVED that the designation of the foregoing depositories are contingent upon receipt by the City of Plymouth of evidence sufficient collateral in the amount and kinds as required by the State Statutes. Adopted by the City Council on January 8, 2008.