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Councihnember Pearson introduced the following resolution and moved for its adoption: <br /> RESOLUTION//03-01-008 <br /> <br />RESOLUTION DESIGNATING COMMUNITY FIRST NATIONAL BANK AS <br />OFFICIAL FINANCIAL INSTITUTION FOR THE CITY OF RAMSEY BANKING <br />SERVICES FOR THE YEAR OF 2003 <br /> <br /> WHEREAS, the City of Ramsey must designate certain institutions as official <br />depositories of City fimds in accordance with Minnesota Statutes Chapter 118A.04. <br /> <br /> WHEREAS, the City of Ramsey has selected Community First National Bank for its <br />banking services for the year of 2003; <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 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 Community First National Bank as the financial <br /> institution that will provide the City its banking services for the year 2003. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Cook, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Gamec <br /> Councihnember Pearson <br /> Councihnember Cook <br /> Counci hnember Elvig <br /> CouncilmemberKurak <br /> CouncihnemberStommen <br /> Councihnember Zimmerman <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br /> <br /> <br />