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Councilmember introduced the folloWing resolution and moved for its adoption: <br /> RESOLUTION #05-01-XXX <br /> <br />RESOLUTION DESIGNATING THE BANK OF THE WEST AS OFFICIAL <br />FINANCIAL INSTITUTION FOR :THE CITY OF RAMSEY BANKING SERVICES FOR <br />THE YEAR OF 2005 <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 Ramseyihas selected The Bank of the West for its banking <br />services for the year of 2005; <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 BYTHE 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 The Bank of the West as the financial institution <br /> that will provide the City its banking services for the year 2005. <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 tbllowing were absent: <br /> <br />hereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 11~h day of January, 2005. <br /> <br />ATTEST: <br /> <br />May°r <br /> <br />City Clerk <br /> <br /> <br />