HomeMy WebLinkAbout2022-01-03-Resolution 2022-007_Official DepositoriesTHE CITY OF WAUKEE, IOWA
RESOLUTION 2022-007
APPROVING THE NAMING OF OFFICIAL CITY DEPOSITORIES FOR 2022
IN THE NAME AND BY THE A UTHO= 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 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. Bank of the West $ 100,000,000
5. Community State Bank of Waukee $ 100,000,000
6. Waukee Charter Bank $ 100,000,000
7. First Federal Savings Bank of Iowa $ 100,000,000
8. Peoples Trust & Savings Bank $ 100,000,000
9. Central Bank $ 100,000,000
10. Iowa Public Agency Investment Trust (IPAIT) $ 100,000,000
11. West Bank $ 150,000,000; 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
appoint the above -mentioned institutions as official depositories this P day of January, 2022.
ttest:
(p, 6UUAt1*
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman Pierce
X
R. Charles Bottenberg
X
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
On
Courtney Clarke, Mayor
NAY ABSENT ABSTAIN