4.6 HRSR 02-01-2016 1 tt Request for Action
River
To Item Number
Housing and Redevelopment Authority 4.6
Agenda Section Meeting Date Prepared by
Consent Agenda February 1, 2016 Amanda Othoudt, EDD
Item Description Reviewed by
Designation of Official Depositories Cal Portner,City Administrator
Reviewed by
Action Requested
Designate,by motion,the below-referenced banks and institutions as official depositories for the HRA
for 2016.
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
2016,the following are proposed:
• First National Bank of Elk River
• 4M Fund
• Wells Fargo Bank
• The Bank of Elk River
• US Bank
• TCF Bank
• UBS
Financial Impact
N/A
Attachments
• N/A
O l E R E D f l
NATURE