HomeMy WebLinkAbout2022-064RESOLUTION NO. 2022-64
AMENDING RESOLUTION 2022-001, TO DESIGNATE PERSHING ADVISOR SOLUTIONS LLC AS AN ADDITIONAL
DEPOSITORY OF THE CITY OF COLUMBIA HEIGHTS FOR INVESTMENT PURPOSES
WHEREAS, the Columbia Heights City Council has previously adopted Resolution 2022-001, designating certain
financial institutions as official depositories of the City of Columbia Heights, as required by Minnesota statute;
and
WHEREAS, the City has subsequently identified various business advantages available to it from Pershing
Advisor Solutions LLC, a wholly owned subsidiary of The Bank of New York Mellon Corporation, if used as an
additional depository for investment purposes,
Now, therefore, in accordance with all ordinances and regulations of the City of Columbia Heights, the City
Council of the City of Columbia Heights makes the following:
ORDER OF COUNCIL
It is hereby resolved that the City Council of the City of Columbia Heights amends Resolution 2022-001 to add
the following:
BE IT FURTHER RESOLVED, that Pershing Advisor Solutions LLC is authorized as a depository for
investment purposes, so long as the investments comply with the authorized investments as set forth in
Minnesota Statutes section 118A.
Passed this 27 day of June, 2022
Offered by: Murzyn
Seconded by: Buesgens
Roll Call: All Ayes, Marquez Simula Absent
Nick Novitsky, Council President
Attest: 4� ��Z;
Sara Ion, C yvCler /Council Secretary