HomeMy WebLinkAboutCity Council Resolution 2013-002CITY OF PLYMOUTH
RESOLUTION No. 2013-002
A RESOLUTION APPOINTING OFFICIAL DEPOSITORIES
FOR CITY FUNDS FOR 2013
WHEREAS, State Statutes require the City to designate depositories for City fiends;
WHEREAS, The City of Plymouth periodically solicits bids from service providers to seek the
most qualified provider at a responsible cost; and
WHEREAS, The City of Plymouth solicited bids in 2010 from qualified banking service
providers to serve as the official City Depository; and
WHEREAS, BMO Harris Bank, formerly known as M&I Marshall and Ilsley Bank, was
awarded the bid for general banking services; and
WHEREAS, Wells Fargo is utilized as a worker's compensation clearing account.
NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PLYMOUTH, MINNESOTA, that M&I Marshall and Ilsley Bank and Wells Fargo Bank be
designated as the official depositories for 2013 for the City of Plymouth; and
BE IT FURTHER RESOLVED that the Mayor, City Manager, and Finance Manager 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.
Approved this 8t1' day of January, 2013.