City of Balaton Resolution 2025-01 Organizational Format and Depositories
First Independent Bank named city depository
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Description
The City of Balaton designated First Independent Bank in Balaton as an official depository for city funds for 2025, authorizing multiple accounts and transactions with dual-signature controls. The resolution confirms all past and future transactions until modified in writing.
Contract Details
Vendor
FIRST INDEPENDENT BANK BALATON
Agency
City of Balaton, MN
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2025
Contract Term
In effect for 2025 until changed by council
Renewal Info
Depository designation remains in force until the bank receives written notice of change; typically reconsidered in annual organizational meetings.
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