The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #11-116
Designating City Depositories
WHEREAS, The City of Monticello, Iowa is an incorporated City within Jones County, Iowa; and
WHEREAS, The Monticello City Council is required by the State of Iowa to designate City depositories and the maximum amounts for each depository; and
WHEREAS, The city staff recommends the following depositories and amounts be set:
Name of Depository: Maximum Deposit Maximum Deposit
And Location In Effect Under This
Prior Resolution: Resolution:
Regions Bank $6,500,000.00 $6,500,000.00
200 W 1st St, Monticello, IA
Citizens State Bank $6,500,000.00 $6,500,000.00
117 W 1st St, Monticello, IA
Ohnward Bank & Trust $10,000,000.00 $10,000,000.00
305 S Main St, Monticello, IA
Bank of the West $6,500,000.00 $6,500,000.00
111 E 1st St, Monticello, IA
Fidelity Bank & Trust $6,500,000.00 $6,500,000.00
216 W 1st St, Monticello, IA
NOW THEREFORE, BE IT RESOLVED that this City Council of Monticello, Iowa does hereby approves the Depositories and Amounts effective August 1, 2011.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 15th day of August 2011.
John Sauser, Mayor Pro Tem
Attest:
Sally Hinrichsen, City Clerk