HomeMy WebLinkAbout2015-19RESOLUTION NO. 2015 -19
AUTHORIZING A BROKERAGE ACCOUNT WITH
TD AMERITRADE INSTITUTIONAL
AND AN INVESTMENT ADVISORY AGREEMENT WITH
EHLERS INVESTMENT PARTNERS
WHEREAS, The City of Columbia Heights intends to establish custodial accounts with TD
Ameritrade Institutional for cash and investment securities, and to contract with Ehlers
Investment Partners for investment advice in regard to said accounts and securities; and
WHEREAS, The City of Columbia Heights, TD Ameritrade Institutional, and Ehlers Investment
Partners, each require certain clarification of the authority within the City of Columbia Heights
in regard to such accounts and securities;
THEREFORE, IT IS HEREBY RESOLVED, that the Finance Director and the City Manager of
the City of Columbia Heights are hereby fully authorized and empowered to open a TD
Ameritrade Institutional brokerage account, transfer, endorse, sell, assign, set over and deliver
any and all shares of stocks, bonds, debentures, notes, evidences of indebtedness, or other
securities now or hereafter standing in the name of or owned by this City, to purchase stocks,
bonds, debentures, notes, evidences of indebtedness, and other securities, and to make, execute,
and deliver, under the City seal of this City, any and all written instruments necessary or proper
to effectuate the authority hereby conferred.
BE IT FURTHER RESOLVED, that the Finance Director and the City Manager of the City of
Columbia Heights are hereby fully authorized to make, execute, and deliver, under the City seal
of this City, an investment advisory agreement with Ehlers Investment Partners.
Passed this 23rd day of February, 2015
Offered by: Schmitt
Seconded by: Williams
Roll Call: All Ayes
Tu,
Katie Bruno,
City Clerk/Council Secretary