HomeMy WebLinkAbout2007-01-08-Resolutions 07-03_City Depositories - OfficialTHE CITY OF WAUKEE,IOWA
RESOLUTION 07-03
APPROVING THE NAMING OF OFFICIAL CITY DEPOSITORIES FOR YEAR 2007
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 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.First American Bank oflowa
3.Wells Fargo
4.Earlham Savings Bank
5.Bank of the West
6.Community State Bank of Waukee
7.Waukee Charter Bank
8.First Federal Savings Bank oflowa
9.Pinnacle Bank
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
$15,000,000
WHEREAS,the City of Waukee believes that Banker's Trust Company,First American Bank of
Iowa,Wells Fargo,Earlham Savings Bank,Bank of the West,Community State Bank of Waukee,
Waukee Charter Bank,First Federal Savings Bank oflowa,and Pinnacle Bank are fine institutions,
are FDIC insured,and are in Conformance with all applicable provisions of the Code oflowa §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 depo ..ries this 8th da of January 2007.
Attest:
Jeffr
AYE
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NAYROLLCALLVOTE
Donald L.Bailey,Jr.
Isaiah McGee
JeffV.Mertz
Darlene Stanton
Mike Watts
ABSENT