9.a) Approve Official Depositories Meeting Date: 1/18/2011
Agenda Item: � ��
City Council Agenda Report
City of Scandia
14727 209�' St. North
Scandia, MN 55073 (651) 433-2274
Action Requested: Approve official depositories for banking and investment purposes for
2011.
Deadline/Timeline: At the annual meeting, within 30 days of start of fiscal year(January
1.)
Background: • Cities must designate official depositories by resolution.
• Treasurer Colleen Firkus has recommended that the following
depositories be designated:
• Security State Bank of Marine
• Mainstreet Bank
• 4M Fund, League of Minnesota Cities
• These are the same depositories designated in 2010.
Recommendation: I recommend that the Council adopt the resolution.
Attachments/ • Draft Resolution 01-18-11-02
Materials provided:
Contact(s): Colleen Firkus, Treasurer
Prepared by: Anne Hurlburt, Administrator
(depositories)
Page 1 of 1
O1/10/11
CITY OF SCANDIA
RESOLUTION NO. 01-18-11-02
RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR 2011
WHEREAS, State Statutes require that the City designate depositories for City monies;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SCANDIA, WASHINGTON COUNTY, MINNESOTA, that it should
and hereby does designate the following as official depositories for the City of Scandia for 2011:
Security State Bank of Marine
Lake Area Bank
4M Fund of the League of Minnesota Cities
Adopted by the Scandia City Council this 18th day of January, 2011.
Randall Simonson, Mayor
ATTEST:
Anne Hurlburt, Administrator/Clerk