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<br />Councilmember Stewart introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #25-011 <br /> <br />RESOLUTION DESIGNATING FINANCIAL INSTITUTIONS AS OFFICIAL <br />DEPOSITORIES OF CITY FUNDS FOR 2025 <br /> <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 /> <br />NOW THEREFORE, BE IT RESOLVED BY THE 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 following financial institutions as depositories <br />of City funds for 2025: <br /> <br />Banking Institutions: <br /> BMO Bank, N.A. <br /> Ramsey, Minnesota <br /> Chicago, Illinois <br /> <br /> Minnesota Municipal Money Market Fund <br /> Minneapolis, Minnesota <br /> <br />Brokerage Houses: <br /> Northland Securities <br /> Minneapolis, Minnesota <br /> <br /> UBS Financial Services, Inc. <br /> Minneapolis, Minnesota <br /> <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember <br />Olson, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Heineman <br /> Councilmember Stewart <br /> Councilmember Olson <br /> Councilmember Buscher <br /> Councilmember Peters <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />