Resolutions-2006-2

2 CITY OF TIFFIN IOWA RESOLUTION NO. 2006- 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 is 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. January , regular ON THE 11 th DAY OF 2006, at a Di 1s Meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson 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 Petersen Dils, Bartels, Petersen, Demuth, and Wright Ayes: 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. January , 2006, and PASSED, by the council on the 11 th day of 2006. approved by the Mayor on the lith day of January , CITY OF TIFFIN By: ' 210 - Glenn R. Potter, Mayor AT WEST: - Q""— Mar a e B. Reihm qty Clerk