06-77RESOLUTION NO. 2006-77
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
A RESOLUTION INCREASING THE AMOUNT THE CITY
IS AUTHORIZED TO DEPOSIT IN ANY ONE BANK
WHEREAS, the City of Otsego previously had a limit of ten
million dollars that could be deposited in any one of its
official depositories, and.
WHEREAS, the growth of the City has increased the City's
financial operations to such a point this restriction is no
longer reasonable.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF OTSEGO, MINNESOTA
1. That the City Treasurer is authorized to
deposit up to twenty five (25) million dollars
($25,000,000.00) in any one of its official
depositories.
Dated this 9th day of October, 2006
CITY OF OTSEGO
o�
arr Fournier, Mayor
ATTEST:
I
_�.. no,. F"'dson, City Clerk.