Resolutions-2007-02

CITY OF TIFFIN IOWA RESOLUTION NO.. 2 0 0 7- 2 r A RESOLUTION,'APPROVING DEPOSITORIES FOR THE CITY OF TIFFIN, JOHNSON COUNTY, IOWA AND APPROVING DEPOSIT -LIMIT FOR EACH i DEPOSITORY WHEREAS,, the City of Tiffin, Johnson County, Iowa is "required by the State of r 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; i 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, t, AND BE IT ALSO RESOLVED, that each depository is authorized and approved a depository limit`of five million dollars. t ON THE 10th DAY OF January , 200 Tat a regular Meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Di ls 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 Wright Councilperson 9 8 Wright, Bartels, Dils, Petersen, and Dils 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. 200 7, and PASSED, by the council on the 10th day of January , 10th day of January ; 200 7 + approved by the Mayor on the. CITY OF TIFFIN By: , kmsAIL 61enn R Potter, Mayor ST: E Reihman, lerk Marg t .