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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #11- 01 -XXX <br />RESOLUTION DESIGNATING FINANCIAL INSTITUTIONS AS OFFICIAL <br />DEPOSITORIES OF CITY FUNDS FOR 2011 <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 />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1. That the City of Ramsey hereby appoints the following financial institutions as <br />depositories of City funds for 2011: <br />Banking Institutions: <br />Brokerage Houses: <br />Landmark Community Bank <br />Ramsey, Minnesota <br />The Bank of the West <br />Ramsey, Minnesota <br />Walnut Creek, California <br />Minnesota Municipal Money Market Fund <br />Minneapolis, Minnesota <br />Village Bank <br />Ramsey, Minnesota <br />Financial Northeastern Securities, Inc. <br />Fairfield, New Jersey <br />Northland Securities <br />Minneapolis, Minnesota <br />Institutional Cd's, Inc <br />Scottsdale, AZ <br />UBS Financial Services, Inc. <br />Minneapolis, Minnesota <br />Comerica Securities, Inc <br />Detroit, Michigan <br />