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Atchison commission adopts Resolution No. 3398 naming Exchange Bank & Trust as official depository

Atchison City Commission · November 18, 2024
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Summary

The Atchison City Commission adopted Resolution No. 3398 to designate Exchange Bank & Trust as the city's official depository and authorized the mayor to sign a contract for banking services covering Jan. 2025'Dec. 2027.

The Atchison City Commission voted to adopt Resolution No. 3398, designating Exchange Bank & Trust as the city's official depository and authorizing the mayor to sign a banking services contract covering Jan. 2025 through Dec. 2027. Speaker 3 moved to adopt the resolution and later said "Second." Speaker 2 called for discussion, received none, and held a voice vote; the chair announced the motion carried and the resolution was adopted. The resolution's authorization directs the mayor to execute the contract that will formalize the bank's role as the city's depository for the stated period.

Why it matters: The designation identifies where the city will hold and manage municipal funds and gives the mayor authority to finalize contractual terms for banking services. The action was recorded as a motion and voice vote rather than a roll-call tally.

Next steps: The mayor is authorized to sign the banking services agreement; no further commission action was recorded in the meeting minutes.