HomeMy WebLinkAbout2004-01-05-Resolutions 04-07_City Depositories - OfficialITHECITYOFWAUKEE,IOWA
RESOLUTION 04 -07
APPROVING THE NAMING OF OFFICIAL CITY DEPOSITORIES FOR YEAR 2004
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WA UKEE,IOWA
WHEREAS,the City of Waukee,Iowa is a duly organized municipality within Dallas County;
AND,
WHEREAS,the Waukee City Council must desiguate 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 financial
institution,as set out below;AND:
1.Banker's Trust Company,Des Moines
2.Waukee State Bank
3.Wells Fargo
4.Earlham Savings Bank
5.Commercial Federal Bank
6.Raccoon Valley Bank
7.Waukee Charter Bank
8.Community Bank of Boone
$10,000,000
$10,000,000
$10,000,000
$10,000,000
$10,000,000
$10,000,000
$10,000,000
$10,000,000
)
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 and HI'S71 signed May 1999.
ROLL CALL VOTE
Donald L.Bailey
Nick Gruber
Darlene Stanton
Bill Peard
JeffV.Mertz
AYE
X
X
X
X
X
NAY ABSENT