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]2I. Letter of Transmittal:. <br /> <br />We received your letter seeking proposals fi:om financial institutions to provide <br />banking and depository services to the City of Ramsey. Village Bank welcomes <br />the opportunity to provide, financial services to the City of Ramsey aS'out, lined ,in <br />your RFP. <br /> <br />Village Bank offers an interest bearing checking account to cities.such as <br />Ramsey.' This account allows funds to remain liquid and earn an above market <br />rate. We are proposing the following account for the City of Ramsey: <br /> <br />The interest rate ~ be adjusted on the first of each month to match the <br />4M Plus Fund rate, which is currently 3.36%. <br />No fees will be assessed provided a-$250~000 minimum balance is <br />ma/ntained in the account. <br />Interest will be compounded daily and credited to the account monthly. <br /> <br />The following individuals are authorized to make representations to the City of <br />Ramsey on behalf of Village Bank. <br /> <br />Contacts <br /> <br />:Glen Hardkn <br />Senior Vice President <br />7125 Pdverdale Drive <br />Ramsey, lvhng 55303 <br />763-398-8008 <br /> <br />Jan I<l~nsing <br />Assistant Vice President <br />Office Manager, Ramsey <br />7125 Riverdale Drive <br />Ramsey, MN 55303 <br />?63.398-8005 <br /> <br />Larry Schminski <br />President <br />9298 'Central Avenue NE <br />Blaine, MN 55434 <br />7:63-;398-356.I <br /> <br />Bill Rew <br />Chief Financial Officer <br />9298 Central Avenue NE <br />Blaine, MN 55434 <br />7'63-398-3567 <br /> <br />-202- -3- <br /> <br /> <br />