HomeMy WebLinkAbout2006-01-09-Resolutions 06-05_City Depositories - OfficialTHE CITY OF WAUKEE,IOWA
RESOLUTION 06-05
APPROVING THE NAMING OF OFFICIAL CITY DEPOSITORIES FOR YEAR 2006
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UKEE,!O WA
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 respecti ve 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.Bartle of the West
6.Community State Bank of Waukee
7.Waukee Charter Ban!e
8.First Federal Savings Bank ofIowa
9.Pinnacle Bank
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000s15,000,000
$15,000,000
WHEREAS,the City of Waukee believes that Banker's Trust Company,Waukee State Bank.
Wells Fargo,Earlham Savings Bank,Bank of the West,Community State Bank ofWaukce.
Waukee Charter Bank,First Federal Savings Bank ofIowa,and Pinnacle Bank 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 HF571 signed May 1999.
NOW THEREFORE BE IT RESOLVED that the City Council of Waukee,Iowa do hereby
appoint the above-mentioned institutions as official dep ories this 9th da;O~y 2006.
illiam F.Peard,Mayor
Attest:
Johr
ROLL CALL VOTE
Donald L.Bailey,Jr.
C.Isaiah McGee
JeffV.Mertz
Darlene Stanton
Mike Watts
AYE
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NAY ABSENT