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4646 Dakota Street SE
Prior Lake, NW 55372
RESOLUTION 13 -178
A RESOLUTION EXTENDING THE BANKING SERVICES AGREEMENT
WITH US BANK FOR 2014 -2016
Motion By: McGuire
Second By: Souku
WHEREAS, the City is interested in designating an official depository for public funds for a three (3) year
period; and
WHEREAS, the City has had a banking service agreement with US Bank for nine years; and
WHEREAS, US Bank has agreed pricing will remain the same as agreed upon in our prior three year
agreement (2010- 2013), and all other pricing for services will be priced at consistent reduced
levels; and
WHEREAS, US Bank has delivered high quality banking services, and maintained an excellent
relationship with the City for the past nine years; and
WHEREAS, the City is interested in appointing a 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 dated November 24, 2013 and effective January 1, 2014 through December 31, 2016.
PASSED AND ADOPTED THIS 9th DAY OF DECEMBER 2013.
YES
1•
Hedberg
X
Hedberg
Keeney
X
Keeney
McGuire
X
McGuire
Morton
X
Morton
Soukup
X
Soukup
1 f, * L
Frank 6 , City Manager