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<br />Councilmember introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #08-01-XXX <br /> <br />RESOLUTION DESIGNATING VILLAGE BANK AS OFFICIAL FINANCIAL <br />INSTITUTION FOR THE CITY OF RAMSEY BANKING SERVICES FOR THE YEAR <br />OF 2008 <br /> <br />WHEREAS, the City of Ramsey must designate certain institutions as official <br />depositories of City funds in accordance with Minnesota Statutes Chapter 118A.04. <br /> <br />WHEREAS, the City of Ramsey has selected Village Bank for its banking services for <br />the year of200~; <br /> <br />WHEREAS, banking services will consist of such items as daily deposits of cash <br />receipts, wire transfers of funds, and automated payroll for direct deposit; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City of Ramsey hereby appoints Village Bank as the financial institution that <br />will provide the City its banking services for the year 2008. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember, <br />and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />hereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 8th day of January, 2008. <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />City Clerk <br /> <br />-204- <br />