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AGENDA ITEM #10.3 <br /> ctry of <br /> Pequot <br /> Lakes = - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: January 7, 2020 <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 attached resolution <br /> appointing official depositories for 2020. <br />