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Councihnember Pearson introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #05-01-011 <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 <br />depositories of City funds in accordance with Minnesota Statutes Chapter 118A.04. <br /> <br />as official <br /> <br /> WHEREAS, the City of Ramsey has 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 BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, :STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />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 />Thc motion for the 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 Gamec <br />Councilmember Pearson <br />Counci lmcmber Olson <br />Counci hnember Cook <br />Counci lmember Elvig <br />Counci hnember Jeffrey <br />Counciimember Strommen <br /> <br />and thc following voted against the same: <br /> <br />None <br /> <br />and thc following abstained: <br /> <br />Nolle <br /> <br />and thc following were absent: <br /> <br />None <br /> <br /> <br />