HomeMy WebLinkAbout2016-002-1/4/2016 RESOLUTION NO. 2016-002
RESOLUTION NAMING DEPOSITORIES FOR THE CITY
OF WATERLOO, IOWA, AND RESCINDING RESOLUTION
NO. 2015-09 IN ITS ENTIRETY.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that we do hereby designate the following to be depositories of
the City of Waterloo, Iowa, funds in the amount not to exceed the
aggregate amount named for the said financial institutions as
follows, to wit:
Maximum Deposit
Under This
Name- of -Depository - Location Resolution
Bank Iowa Waterloo, IA $20, 000, 000
Bankers Trust Company Des Moines, IA $50, 000, 000
Community Bank & Trust Waterloo, IA $20, 000, 000
Farmers State Bank Waterloo, IA $50, 000, 000
First Security State Bank Evansdale, IA $ 2, 000, 000
Iowa Public Agency Investment Trust Des Moines, IA $50, 000, 000
NXT Bank Waterloo, IA $ 1, 000, 000
MidwestOne Bank & Trust Waterloo, IA $ 1, 000, 000 .
Public Employees Credit Union Waterloo, IA $ 250, 000
Regions Bank Waterloo, IA $50, 000, 000
US Bank Waterloo, IA $10, 000, 000
Veridian Credit Union Waterloo, IA $ 250, 000
Wells Fargo Bank, N.A. Waterloo, IA $50, 000, 000
BE-, IT__.FURTHER -RESOLVED that Resolution No. 2015-09 be hereby
rescinded in its entirety.
PASSED AND ADOPTED this 4th day of January, 2016`.
Quentin Hart, Mayor
ATTEST:
I
Suzy Sc res, CMC
City Clerk