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Councilmember introduced the following resolution and moved for its adoption: <br /> RESOLUTION #17-01-005 <br /> RESOLUTION DESIGNATING BANK OF THE WEST AS OFFICIAL FINANCIAL <br /> INSTITUTION FOR THE CITY OF RAMSEY BANKING SERVICES FOR THE YEAR <br /> OF 2017 <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 /> WHEREAS, the City of Ramsey has selected Bank of the West for its banking services <br /> for the year of 2017; <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 /> 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 Bank of the West as the financial institution that <br /> will provide the City its banking services for the year 2017. <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 /> and the following voted against the same: <br /> and the following abstained: <br /> and the following were absent: <br /> Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br /> the 10th day of January, 2017. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br />