Resolutions-2007-2

CITY OF TIFF114 IOWA RESOLUTION NO. F2-6 0-7 - 2 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; A 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 depositoy limit of five million dollars. t ON' THE 1 Oth DAY OF January. , 200jat a regular Meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Dils 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 r Wright, Bartels, Dils, Petersen; and Dils Ayes: Nays: None Motion carried. a = WHEREUPON, Mayor Glenn R. Potter declared that the RESOLUTION APPROVING DEPOSITORIES 1OR 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. PASSED, by the council on the - ' 10th day of January, 20Q7•pd by the Mayor on the loth day of January , 200: 7 a CITY OF TIFFIN By. Tenn R. Potter, Mayor r A EST: Mar4aiei B: Reihm n,_C' Clerk