HomeMy WebLinkAbout2025-12-15 Resolution 2025-497_Official DepositoriesTHE CITY OF WAUKEE, IOWA
RESOLUTION 2025-497
APPROVING OFFICIAL CITY DEPOSITORIES FOR 2026
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA
WHEREAS, the City of Waukee, Iowa, is a duly organized municipality within Dallas County; AND,
WHEREAS, the Waukee City Council must designate official depositories annually; AND,
WHEREAS, pursuant to the City's investment policy, the City will keep all deposits and investments,
within an adjacent county area; AND,
WHEREAS, the City Clerk and/or City Finance Director is authorized to deposit funds of the City of
Waukee, in amounts not to exceed the maximum approved for each respective financial institution, as
set out below:
1. Banker's Trust Company, Des Moines $ 100,000,000
2. Wells Fargo $ 100,000,000
3. Earlham Savings Bank $ 100,000,000
4. BMO Bank $ 100,000,000
5. Community State Bank of Waukee $ 100,000,000
6. Waukee Charter Bank $ 100,000,000
7. Chase Bank $ 100,000,000
8. Peoples Trust & Savings Bank $ 100,000,000
9. Iowa Trust & Saving Bank $ 100,000,000
10. Central Bank $ 100,000,000
11. Iowa Public Agency Investment Trust (IPAIT) $ 100,000,000
12. West Bank $ 250,000,000; AND:
WHEREAS, the City of Waukee believes that said banking institutions listed above are fine
institutions, are FDIC insured, and are in Conformance with all applicable provisions of the Code of
Iowa §452 and §453 (1983) as amended by 1984 Iowa acts, S.F. 2000 and HF571 signed May 1999.
NOW THEREFORE BE IT RESOLVED that the City Council of Waukee, Iowa does hereby
approve the above -mentioned institutions as official depositories this 15th day of December, 2025.
Attest:
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
R. Charles Bottenberg
Chris Crone
Rob Grove
Anna Bergman Pierce
Ben Sinclair
Courtney Clarke, Mayor
AYE NAY ABSENT ABSTAIN
X
X
X
X
X