2025-003 Designating Official Depositories for City Funds in 2025 CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2025-003
DESIGNATING OFFICIAL DEPOSITORIES
FOR CITY FUNDS IN 2025
WHEREAS, the City of Hopkins is required by law to designate depositories and
financial institutions for City Funds; and
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins
hereby designates Wells Fargo Bank , N.A. as an official depository for City Funds, both
checking and savings; and
BE IT FURTHER RESOLVED, that the City Council of the City of Hopkins hereby
designates as depositories and financial institutions for City funds, Wells Fargo
Securities, LLC and Pershing Wealth Solutions BNY Mellon for all authorized and
suitable investments covered under the City's Investment Policy, Legislative Policy 6-B.
BE IT FURTHER RESOLVED, that the City Council of the City of Hopkins hereby
designates Wells Fargo Securities LLC and Ehlers Investment Partners LLC as
agent/brokers for all authorized and suitable investments covered under the City's
Investment Policy, Legislative Policy 6-B.
Adopted by the City Council of the City of Hopkins this 7th day of January, 2025.
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By:
Patrick Ha ayor
ATTEST:
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Amy Domeier, City Clerk