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I <br /> i <br /> � <br /> AGENDA ITEM #10.3 <br /> cl�of � <br /> Pequot <br /> Lakes— - ' <br /> � <br /> REPORT TO CITY COUNCIL ' <br /> Re ort Pre ared b : Nanc Malecha <br /> Date: January 2, 2018 <br /> Subiect: 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 atta.ched resolution <br /> appointing official depositories for 2018. <br />