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Councilmember Pearson introduced the following resolution and moved for its adoption: <br /> RESOLUTION #04-01-XXX <br /> <br /> RESOLUTION DESIGNATING COMMUNITY FIRST NATIONAL BANK AS <br /> OFFICIAL FINANCIAL INSTITUTION FOR THE CITY OF RAMSEY BANKING <br /> SERVICES FOR THE YEAR OF 2004 <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 Community First National Bank for its <br />banking services for the year of 2004; <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, ANOIC4 COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City of Ramsey hereby appoints Community First National Bank as the financial <br /> institution that will provide the City its banking services for the year 2004. <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 />and the following abstained: <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 13th day of January, 2004. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Clerk <br /> <br />-186- <br /> <br /> <br />