4.6. HRSR 02-05-2018
Request for Action
To Item Number
Housing and Redevelopment Authority 4.6
Agenda Section Meeting Date Prepared by
Consent February 5, 2018 Amanda Othoudt, EDD
Item Description Reviewed by
Designation of Official Depositories Lori Ziemer, Finance Director
Reviewed by
Cal Portner, City Administrator
Action Requested
Designate, by motion, the referenced banks and institutions as official depositories for the HRA for 2018.
Background/Discussion
As per HRA Bylaws, the designation of official depositories is suggested at the Annual Meeting.
Historically, the HRA has designated depositories similar to those designated by the City Council. For
2018, 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
The Bank of Elk River
US Bank
UBS Financial Services
Financial Impact
N/A
Attachments
N/A
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional
service, and community engagement that encourages and inspires prosperity