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CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2015 -
A RESOLUTION NAMING DEPOSITORIES AND FINANCIAL
INSTITUTIONS FOR CITY FUNDS
WHEREAS, the City of Rosemount is required by law to designate depositories and
financial institutions for City funds.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount
designates the First State Bank of Rosemount, a locally owned bank, as an official
depository for City funds, both checking and savings; and
BE IT FURTHER RESOLVED, that the City Council of the City of Rosemount
designates as depositories and financial institutions for City funds, Anchor Bank N.A.;
BNC National Bank; First State Bank of Rosemount, Merchants Bank, Sterling State
Bank, TCF National Bank, U.S. Bank National Association, Venture Bank, Vermillion
State Bank, Wells Fargo Bank Minnesota National Association and all branch offices of
the aforementioned savings and financial institutions, for all authorized and suitable
investments covered under the City's Investment Policy, Policy F -5.
BE IT FURTHER RESOLVED, that the City Council of the City of Rosemount
designates depositories for City funds, the 4M Fund; BBE Community Investment
Partners LLC; First Empire Securities; FTN Financial Group; Legg Mason Wood
Walker, Incorporated; Morgan Stanley; Multi -Bank Securities, Inc. (MBS); Mutual
Securities, Inc.; Oppenheimer & Co., Inc.; PFM Asset Management LLC; UBS Financial
Services Inc.; Vining- Sparks IBG, L.P.; and Wells Fargo Advisors as agent /brokers, for
all authorized and suitable investments covered under the City's Investment Policy,
Policy F -5.
ADOPTED this 6t" day of January, 2015.
William H. Droste, Mayor
ATTEST:
Clarissa Hadler, City Clerk