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| ORIGINATING DEPARTMENT: |
COUNCIL GOAL: |
| Finance |
High Performing City Organization: Financially Sound, Providing Service Value |
| LEGAL: |
| No Review Required |
| SUBJECT: |
| Consider motion to adopt RESOLUTION naming depositories for the City of Ankeny. |
| EXECUTIVE SUMMARY: |
| Based on the results of the banking RFP, the City converted its banking services from Bank of the West to Great Western Bank in November 2018. This reduces the depository maximum at Bank of the West from $100,000,000 to $25,000,000. |
| CITY MANAGER'S RECOMMENDATIONS: |
| To adopt resolution naming the depositories of the City of Ankeny. |
| PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S): |
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