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AGENDA ITEM #3.8 <br /> City of <br /> Pequot <br /> Lakes <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Angie Duus <br /> Date: January 3, 2023 <br /> Subject,: Designation of Official Depositories <br /> Report: State Statute requires municipalities to select official depositories for <br /> city funds on an annual basis. The City's current depositories are First National <br /> Bank of Pequot Lakes and Wells Fargo Bank. <br /> Council Action Requested: Council motion adopting the attached resolution <br /> appointing official depositories for 2023. <br />