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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