RES 15-13CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-13
RESOLUTION ESTABLISHING ADDITIONAL DEPOSITORY FOR CITY FUNDS
WHEREAS, the City of Otsego must, each year, designate official depositories for City funds
and approve the investment brokers to be used for invetment of City funds in accourance with
the City's Investment Policy and Minnesota Statutes 118A.02; and
WHEREAS, Resolution 2015-02, adopted January 12, 2015, specifies that the Administrative
Services Director may recommend additional depositories, brokers or other repositories for City
funds during the coming fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
U.S. Bank Institutional Trust and Custody is hereby designated as an approved depository and
safekeeping trustee for the City of Otsego's investment instruments.
ADOPTED by the Otsego City Council this 23rd day of February, 2015.
CITY OF OTSEGO
._I►1T
Jessica •• �• �
ATTEST:
Tami Loff, City Clerk
MOTION made by Council Member Heidner and SECONDED by Council Member
Schroeder
IN FAVOR: Stockamp, Heidner, S&roederi Warehime, Darkenwald
OPPOSED: None