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Ci ty of <br />Pequot <br />Lakes _ _ <br />AGENDA ITEM #10.03 <br />REPORT TO <br />CITY COUNCIL <br />Report by: Sandy Peine, City Clerk <br />Date: January 7, 2014 <br />Subiect: Annual Official Depositories <br />Report: State Statute requires municipalities to select <br />official depositories for city funds on an annual basis. The <br />City's current depositories are Lakes State Bank of Pequot <br />Lakes, American National Bank of Pequot Lakes, and <br />Wells Fargo. <br />Council Action Requested: Council motion to adopt <br />attached resolution appointing Lakes State Bank, American <br />National Bank, and Wells Fargo as the City's official <br />depositories for 2014. <br />