HomeMy WebLinkAboutCity Council Resolution 2005-008CITY OF PLYMOUTH
RESOLUTION NO. 2005-008
APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 2005
WHEREAS, State Statutes require that the City designate general depositories for City
monies,
NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH that Anchor Bank National Association be designated as the
official general depository for 2005 for the City of Plymouth's checking accounts;
BE IT FURTHER RESOLVED that the following be designated as official depositories
for the City's investment program for 2005; the U.S. Bank System, Wells Fargo, Bremer
Bank, TCF Bank, First National Bank, Associated Bank, Community Bank Plymouth,
Citizens Bank, and Anchor Bank;
BE IT FURTEHR RESOLVED that investment counselors and institutions may be
utilized during the 2004 year for the acquisition of commercial paper and government
securities;
BE IT FURTHER RESOLVED that the Mayor, City Manager and Finance Director are
the authorized signers for all City bank and investment accounts;
BE IT FURTHER RESOLVED that the designation of the foregoing depositories are
contingent upon receipt by the City of Plymouth of evidence of sufficient collateral in the
amount and kinds as requires by the State Statutes.
Adopted by the City Council on January 11, 2005.