3.6. HRSR 01-04-2010IT ~®b®
Cty of
Elk ~--~
River
MEMORANDUM
®us~ng eev~el®pn~ent A~th®~~t~
F athe~in~ ehelich, ~~ect~r ®f c®n®n~ic eel®n~~nt
ATE: January 4, 21
S J es~nati®n ~f fficia~ ep®sit®r~es
In the past t11e ~~R~ 11as designated depositofies si~nila~ to those designated by the City
Council. Foi 2010, the Hl~ is asl~ed to designate the follotiving ba~.a.l~s and ins~tutions as
depositories fog: its funds;
® First National Bank of Ells Rive
® 4NI Fund
~ ~Iells Fargo Bank
~ The Banl~ of Ells River
® V~13af11~
ec~nnn~enati®n
Staff reco~rn~nends the HRA designate the above-.referenced banks aid i~~stitutio~s as official
depositories for the HRS. for 200.