The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #14-17
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 $ 00.00
111 E 1st St, Monticello, IA
F & M Bank $ 00.00 $ 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
DuTrac Community Credit Union $ 250,000.00 $ 250,000.00
337 S Main St, Monticello, IA
NOW THEREFORE, BE IT RESOLVED that this City Council of Monticello, Iowa does hereby approves the Depositories and Amounts effective February 3, 2014.
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 3rd day of February 2014.
Dena Himes, Mayor
Attest:
Sally Hinrichsen, City Clerk