3.6 EDSR 01-21-2014 pif .' Request for Action
River
To Item Number
Economic Development Authority 3.6
Agenda Section Meeting Date Prepared by
Consent Agenda January 21,2014 Brian Beeman, Director of Economic
Development
Item Description Reviewed by
Designation of Official Depositories Jeremy Barnhart,Deputy Director, CODD
Reviewed by
Action Requested
Designate the below-referenced banks and institutions as official depositories for the EDA for 2014.
Background/Discussion
As per EDA Bylaws,the designation of official depositories is suggested at the Annual Meeting of the
EDA. Historically,the EDA has designated depositories similar to those designated by the City Council.
For 2014, the EDA 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
• US Bank
• TCF Bank
Financial Impact
N/A
Attachments
• N/A
INATLH?E I T