HomeMy WebLinkAbout2014-599-07/14/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-599
RESOLUTION NAMING DEPOSITORIES FOR THE CITY
OF WATERLOO, IOWA, AND RESCINDING RESOLUTION
NO. 2014-001 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 $40, 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 $65, 000, 000
US Bank Waterloo, IA $10, 000, 000
Veridian Credit Union Waterloo, IA $ 250, 000
Wells Fargo Bank, N.A. Waterloo, IA $45, 000, 000
BE IT FURTHER RESOLVED that Resolution No. 2014-001 be
hereby rescinded in its entirety.
PASSED AND ADOPTED this 14th day of July, 2014 .
Ze..441°-
Ernest G. Clark, Mayor
ATTEST:
Suzy Sc ares, CMC
City Cl rk