HomeMy WebLinkAbout2002-01-07-Resolutions 02-05_City Depositories - OfficialTHE CITY OF WAUKEE,IOWA
RESOLUTION 02-05
APPROVING THE NAMING OF OFFICIAL CITY DEPOSITORIES FOR YEAR 2002
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE,IOWA
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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 Treasurer is authorized to deposit funds of the City of
Waukee,in amounts not to exceed the maximum approved for each respective fmancial
institution,as set out below;AND:
1.Banker's Trust Company,Des Moines
2.Waukee State Bank
3.Wells Fargo
4.Earlham Savings Bauk
5.Commercial Federal Bank
6.Raccoon Valley State Bank
7.Waukee Charter Bank
8.Community Bank of Boone
$5,000,000
$5,000,000
$7,500,000
$4,000,000
$4,000,000
$4,000,000
$4,000,000
$2,500,000 J
WHEREAS,the City of Waukee believes that Banker's Trust Company,Waukee State Bank,
Wells Fargo,Earlham Savings Bank,Commercial Federal Bank,Raccoon Valley State Bank,
Waukee Charter Bank,and Community Bank of Boone are fine institutions,are FDIC insured,
and are in Conformance with all applicable provisions of the Code ofIowa §452 and §453
(1983)as amended by 1984 Iowa acts,S.F.2000.
NOW THEREFORE BE IT RESOL YED that the City Council of Waukee,Iowa do hereby
appoint the above-mentioned institutions as official dep i orics this 7th y f January 2002.
ity Administrator/Clerk
ROLL CALL VOTE
Donald L.Bailey
Nick Gruber
Wayne Johnson
Bill Peard
Mike Watts
AYE
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NAY ABSENT I