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EDA RES 2025-02 Designating DepositoriesOTSEGO ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2025-02 DESIGNATING DEPOSITORIES WHEREAS, the Board of Commissioners, in accordance with its Governing Resolution and Minnesota Statute §118A.021 Subdivision 1 designate one or more financial institutions as a depository of Economic Development Authority (the EDA) funds. NOW, THEREFORE, BE IT RESOLVED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF OTSEGO, MINNESOTA: 1. That the following financial institutions are designated as depositories of EDA funds: a. US Bank ADOPTED by the Board of Commissioners this 10th day of February, 2025. MOTION BY: SECONDED BY. IN FAVOR: OPPOSED: Dunlap Tanner Stockamp, one Dunlap, Goede, Lund, and Tanner OTSEGO ECONOMIC DEVELOPMENT AUTHORITY Jessica L. Stockamp, Presiden ATTEST: Audra Ethel, Secretary