HomeMy WebLinkAboutCity Council Resolution 2017-003
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-003
R ESOLUTION A PPOINTING O FFICIAL D EPOSITORY
FOR C ITY F UNDS FOR 2017
WHEREAS, State Statutes require the City to designate depositories for City funds; and
WHEREAS, the City of Plymouth periodically solicits proposals from service providers to seek the
most qualified provider at a responsible cost; and
WHEREAS, US BANK was named as the official depository for all banking services effective July 1,
2015; and
WHEREAS, the banking transition of BMO and Wells Fargo to US Bank was completed in 2016;
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 2017.
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 10th day of January, 2017.