HomeMy WebLinkAbout2001-08-06-Resolutions 01-135_City Depositories - OfficialTHE CITY OF WAUKEE,IOWA
RESOLUTION 01-135
NAMING OFFICIAL CITY DEPOSITORIES FOR FISCAL YEAR 2002
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.Waukee State Bank
3.Wells Fargo
4.Earlham Savings Bank
5.Commercial Federal Bank
6.Raccoon Valley State Bank
7.Waukee Charter Bank
$5,000,000
$5,000,000
$7,500,000
$4,000,000
$4,000,000
$4,000,000
$4,000,000
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,
and Waukee Charter 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.
NOW THEREFORE BE IT RESOLVED that the City Council of Waukee,Iowa do hereby
appoint the above-mentioned institutions as official depositories this 6th day of,August 2001.
ty Administrator/Clerk
ROLL CALL V E AYE NAY
Nicholas C.Gruber X
Marvin Berger X
Bill Peard X
Mike Watts X
Wayne Johnson X
ABSENT