Laserfiche WebLink
Department Approval <br />�� ,�: �� <br />Item Description: <br />l�'�, <br />Jy <br />REQUEST FOR COUNCIL ACTION <br />Date: 1/OS/09 <br />Item No.: 7.a <br />City Manager Approval <br />Designation of Official Bank Depositories for 2009 <br />� / <br />BACKGROUND <br />State Statute requires the City to designate official bank depositories for which city funds may be deposited <br />and held for safekeeping. <br />The attached resolution lists those institutions that will be used for various banking services. The <br />institutions are selected on a bid basis. <br />POLICY OBJECTIVE <br />The designation of official bank depositories is required under State Statute. <br />FnvaNCiaL IlviracTs <br />Not applicable. <br />STAFF RECOMMENDATION <br />Staff recommends approval of the attached resolution. <br />REQUESTED COUNCIL ACTION <br />Adopt the attached resolution designating the official bank depositories for 2009. <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Resolution designaring the official depositories for 2009 <br />