3.7. EDSR 01-09-2006ITEM 4 3.7.
MEMORANDUM
TO: Economic Development Authority
FROM: Catherine Mehelich, Director of Economic Development/'
DATE: January 9, 2006 L
SUBJECT: Designation of Official Depositories
In the past the EDA has designated depositories similar to those designated by the City
Council. Fox 2006, the ED:1 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
• Riverview Community Bank (in Otsego)
Recommendation
Staff recommends designating the above-referenced banks and institutions as official
depositories fox the EDA fox 2006.