3.6 HRSR 01-03-2011ITEM # 3.6.
:. giver
MEMORANDUM
TO: Housing & Redevelopment Authority
FROM: Catherine Mehelich, Director of Economic Development
DATE: January 3, 201 1
SUBJECT: Designation of Official Depositories
In the past the HRA has designated depositories sunilar to those designated by the CitST
Council. For 2011 the HRA is asked to designate the following banks and institutions as
depositories for its funds:
• First National Bank of Elk River
• 4M Fund
• Wells Fargo Bank
• The Bank of Elk River
• USBank
• TCF Bank
Recommendation
Staff recommends the HRA designate the above-referenced banks and institutions as official
depositories for the HRA for 2011.