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4.6 HRSR 02-03-2014 Elk Request for Action River To Item Number Housing and Redevelopment Authority 4.6 Agenda Section Meeting Date Prepared by Consent Agenda February 3,2014 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 HRA for 2014. Background/Discussion The HRA Bylaws require the designation of official depositories at the Annual Meeting of the HRA. Historically, the HRA has designated depositories similar to those designated by the City Council. For 2014, 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 • US Bank • TCF Bank Financial Impact N/A Attachments • N/A P.-DIEM I ? NATURE