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I <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />Councilmember introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #99-01- <br /> <br />RESOLUTION DESIGNATING NORTHLAND SECURITY BANK AS OFFICIAL <br />FINANCIAL INSTITUTION FOR THE CITY OF RAMSEY BANKING SERVICES FOR <br />THE YEAR OF 1999 <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 Northland Security Bank for its banking <br />services for the year of 1999; <br /> <br /> WHEREAS, banking services will consists 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 />That the City of Ramsey hereby appoints Northland Security Bank as the financial <br />institution that will provide the City its banking services for the year 1999. <br /> <br />The motion for 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 />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 12~h day of January, 1999. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Administrator <br /> <br />I0'1 <br /> <br /> <br />