HomeMy WebLinkAbout09-160 Banking Services/~ PRIp\
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4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 09-160
WHEREAS,
WHEREAS,
WHEREAS,
A RESOLUTION APPOINTING US BANK AS THE OFFICIAL BANK
FOR THE CITY OF PRIOR LAKE FOR 2010-2013
Motion By: Millar
Second By: LeMair
the City is interested in designating an official depository for public funds for a four (4)
year period; and
The City wishes to obtain the most competitive and cost effective service to process its
municipal financial transactions; and
The City issued a Request for Proposals for Banking Services from qualified banking
institutions; and
WHEREAS, The City has evaluated all proposals with respect to their ability to deliver the required
services, their completeness and professionalism, and the cost to deliver the required
services; and
WHEREAS, The City is interested in appointing the qualified banking institution that would serve the
financial interests of the City.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The City Council hereby appoints US Bank as its official bank based on the considerations set forth
in their proposal effective January 1, 2010 through December 31, 2013.
PASSED AND ADOPTED THIS 77H DAY OF DECEMBER 2009.
YES
NO
Hau en X Hau en
Erickson X Erickson
Hedber X Hedber
LeMair X LeMair
Millar X Millar
Frank o es ty Manager
www.cityofpriorlake.com
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Phone 952.447.9800 /Fax 952.447.4245