09-05-17 Depository Resolution

RESOLUTION NO. 09-05-17

A RESOLUTION NAMING DEPOSITORY FOR THE CITY OF BEACON, IOWA

            WHEREAS, the City of Beacon, Iowa, deposits funds in accordance with all applicable provisions of Iowa Code Chapter 12C as amended; and

            WHEREAS, the City Treasurer utilizes the current depository resolution, along with all established guidelines and policies for investing its public funds.

            NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Beacon, Iowa on this 5th day of September, 2017 that MidWestOne Bank is approved to be the depository of the City of Beacon Iowa funds in conformance with all applicable provisions of Iowa Code, Chapter 12C, and that the City Treasurer is authorized to deposit City funds not to exceed $5,000,000 without further approval of the City Council.

Passed by the City Council of Beacon, Iowa this 5th day of September, 2017.

 

Jim Hughes, Mayor

 

 

Attested:

 

Jaimie Williamson, City Clerk