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Councilmember introduced the following resolution and moved for its adoption: <br /> RESOLUTION #25-013 <br /> RESOLUTION DESIGNATING BMO BANK (FORMERLY BANK OF THE WEST) AS <br /> OFFICIAL FINANCIAL INSTITUTION FOR THE CITY OF RAMSEY BANKING <br /> SERVICES FOR THE YEAR OF 2025 <br /> WHEREAS,the City of Ramsey must designate certain institutions as official depositories <br /> of City funds in accordance with Minnesota Statutes Chapter 118A.04. <br /> WHEREAS, the City of Ramsey has selected BMO Bank for its banking services for the <br /> year of 2025; <br /> WHEREAS,banking services will consist of such items as daily deposits of cash receipts, <br /> 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 BMO Bank as the financial institution that will <br /> provide the City its banking services for the year 2025. <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 14h day of January, 2025. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br />