HomeMy WebLinkAboutCity Council Resolution 2016-002
CP
ITY OF LYMOUTH
RN.2016-002
ESOLUTION O
RAOD
ESOLUTION PPOINTING FFICIAL EPOSITORIES
CF2016
FOR ITY UNDS FOR
WHEREAS, State Statutes require the City to designate depositories for City funds; and
WHEREAS, the City periodically solicits proposals from service providers to seek the most
qualified provider at a responsible cost; and
WHEREAS, the City solicited proposals in 2015 from qualified banking service providers to serve
as the official City Depository; and
WHEREAS, US BANK was named as the official depository for all banking services; and
NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that US BANK will be designated as the official depository for 2016 and BMO Harris Bank
and Wells Fargo will be continue to be active until the transition is fully completed.
BE IT FURTHER RESOLVED that the Mayor, City Manager, and Finance Manager are the
authorized signers for all City bank accounts.
APPROVED by the City Council on this 12th day of January, 2016.