HomeMy WebLinkAbout10-02EDA Designate Depository 2010
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4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 10-02EDA
A RESOLUTION TO APPROVE DESIGNATION OF DEPOSITORY FOR
ECONOMIC DEVELOPMENT AUTHORITY FUNDS
Motion By: Millar
Second By: Keeney
WHEREAS, The City has an Economic Development Authority, with the powers granted through
Minnesota Statutes; its Bylaws and Enabling Resolution require the EDA to designate
an official depository every four (4) years for the deposit of Economic Development
Authority funds, and
WHEREAS, The designation and appointment of the official bank for City funds takes place every
four (4) years, and
WHEREAS, In order to coincide with the current appointment by the City of the official bank for City
funds, the Economic Development Authority designates U.S. Bank as depository for Its
funds effective the date of this resolution through December 31, 2013.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE ECONOMIC DEVELOPMENT
AUTHORITY OF PRIOR LAKE, MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The official depository of the Economic Development Authority shall be U.S. Bank through
December 31,2013.
PASSED AND ADOPTED THIS 16th OF FEBRUARY 2010.
YES
Erickson absent Erickson
HedberQ X HedberQ
Keeney X Keeney
Millar X Millar
Myser . X . Myser
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Frank Bo~, Executive Director
NO
absent
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www.cityofpriorlake.com
Phone 952.447.9800 / Fax 952.447.4245