HomeMy Public PortalAbout2022-05 Resolution Officially Naming Depositories for the CityResolution 2022-05
RESOLUTION OFFICIALLY NAMING DEPOSITORIES FOR THE CITY OF
RIVERDALE, IOWA
WHERAS the City of Riverdale is required by the State Code of Iowa to list financial
institutions that will be depositories for the City.
THEREFORE BE IT RESOLVED that the City Council of the City of Riverdale approves the
following list of financial institutions to be depositories of the City of Riverdale funds in
accordance will all applicable provisions of Chapters 452 and 453 of the State of Iowa Code.
BE IT FURTHER RESOLVED that the City Administrator, Mayor and Mayor Pro Tempore
are authorized to deposit City of Riverdale funds in an amount not to exceed the maximum
approved for each respective financial institution as set out below.
BE IT FINALLY RESOLVED that all Resolutions or parts of Resolutions in conflict with this
Resolution are hereby repealed.
Depository Name Maximum balance in effect under this resolution
Quad City Bank & Trust $2,000,000
IPAIT $2,000,000
CERTIFICATION, I hereby certify that the foregoing is a true and corrected copy of a Resolution of the
City of Riverdale adopted at a meeting of said public body, duly called and held on the 11th day of January,
2022 a quorum being present, as said resolution remains of record in the minutes of said meeting, and it
is now and in full force and effect.
Passed and approved this iith day of January 2022.
ATTEST:
1 IC �-�L1 Y .
Anthony Heddlesten, Mayor Kent D. Royster, City Cl k/Treasurer
1
City of Riverdale, Iowa
110 Manor Drive, Riverdale, Iowa 52722 1 (563) 355-2511 1 www.riverdaleiowa.com