Resolutions-2005-2

CITY OF TIFFIN IOWA RESOLUTION NC 2005- A RESOLUTION APPROVING DEPOSITORIES FOR THE CITY OF TIFFIN, JOHNSON COUNTY, IOWA AND APPROVING DEPOSIT LIMIT FOR EACH DEPOSITORY WHEREAS, the City of Tiffin, Johnson County, Iowa is required by the State of Iowa to resolve approved depositories for the City of Tiffin, AND WHEREAS, the City of Tiffin, Johnson County, Iowa ig also required to approve depository limits for each named depository; NOW, THEREFORE, BE IT RESOLVED, by the City Council of Tiffin, Iowa, that it herby names Solon State Bank of Tiffin, First Trust & Svgs. Bank of Oxford, and Hills Bank of Hills as approved and official depositories for the City of Tiffin, AND BE IT ALSO RESOLVED, that each depository is authorized and approved a depository limit of five million dollars. ON THE 19th DAY OF January , 2005, at aspecial Meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Huedepohl Introduced A RESOLUTION APPROVING DEPOSITORIES FOR THE CITY OF TIFFIN, JOHNSON COUNTY, IOWA AND APPROVING DEPOSIT LIMIT FOR EACH DEPOSITORY, and made a motion for approval. The motion was seconded by Councilperson Bartels Ayes: Gericke, Huedepohl, Dils, Bartels, and Petersen. Nays: None. Motion carried. WHEREUPON, Mayor Glenn R. Potter declared that the RESOLUTION APPROVING DEPOSITORIES FOR THE CITY OF TIFFIN, JOHNSON COUNTY, IOWA AND APPROVING DEPOSITY LIMIT FOR EACH DEPOSITORY, be adopted and signified his approval of the same by affixing his signature thereto. 19th January , PASSED, by the council on the day of 2005, and approved by the Mayor on the 19 th day of January , 2005. CITY OF TIFFIN By: Glenn R. Potter, Mayor T EST: rna_ Ma a B. Re' man; ity Clerk "