HomeMy WebLinkAbout18-001CITY OF LAKEVILLE
RESOLUTION NO. 18-01
RESOLUTION APPOINTING DEPOSITORIES FOR THE CITY OF LAKEVILLE
WHEREAS, Minnesota Statute § 118A.02, subd. 1 requires the City Council to designate each
depository of public funds or authorize the city treasurer to designate depositories of the funds;
and
WHEREAS, all deposits of public funds will be insured or secured in accordance with Minnesota
Statute § 118A.03.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville,
Minnesota as follows:
1. The Mayor and Treasurer are hereby authorized to execute any required documents with
depositories named below, including signature cards and agreements.
2. Well Fargo Bank N.A. will be the primary depository of the City.
3. The following institutions are hereby named additional depositories subject to legal
compliance with maximum deposit and collateral requirements:
Affinity Plus Federal Credit Union - 17555 Kenwood Trail
Anchor Bank - 9200 202nd Street W
BMO Harris - 17636 Kenwood Trail
Bremer Bank - 17600 Cedar Avenue
Citizens Bank - 18476 Kenrick Avenue
Firefly Credit Union - 17533 Cedar Avenue
Frandsen Bank & Trust- 20280 Iberia Avenue
Great Southern Bank - 10880 175th Street W
Lakeview Bank - 9725 163rd Street W
Merchants Bank - 18550 Joplin Avenue
Minnesota Municipal Money Market Fund (4M Fund)
Morgan Stanley
New Market Bank - 20151 Icenic Trail
PMA Financial Network, Inc.
RBC Capital Markets
Sterling State Bank - 16366 Kenrick Avenue
Stifel, Nicolaus & Company
TCF National Bank - 17269 Kenyon Avenue
US Bancorp Piper Jaffray
US Bank - 20191 Iberia Avenue
Wells Fargo Securities
ADOPTED by the Lakeville City Council this 2nd day of January 2018
Douglas f Anderson, Mayor
Charlene Friedges, City Clem