HomeMy WebLinkAbout2001-01-08-Resolutions 01-02_City Depositories - OfficialRESOLUTION 01-02
]NAMING OFFICIAL CITY DEPOSITORIES FOR THE YEAR 2001
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.Waukee State Bank
3.Brenton Bauk (a.k.a.Wells Fargo)Des Moines
4.Earlham Savings Bank
5.Commercial Federal Bank
6.Raccoon Valley State Bank
$5,000,000
$5,000,000
$4,000,000
$4,000,000
$3,000,000
$500,000 \WHEREAS,the City of Waukee believes that Waukee State Bank,Bankers Dust
Company,Commercial Federal,Brenton Bank (a.k.a.Wells Fargo),Earlham Savings
Bank and Raccoon Valley State Bank 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.
NOW,THEREFORE,BE IT RESOLVED,that the City Council of Waukee,Iowa do
hereby appoint the above-mentioned institutions as official depositories,this 8th day of
January 2001.~
!d¥
Donald L.Bailey,Jr.,Mayor
Attest:
IMarkJ.Arentsen,ity Administrator/Clerk
ROLLCALL
Nicholas Gruber
Marvin Berger
Mike Watts
Bill Peard
Wayne Johnson
A YES NAYS ABSENT
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