2020-002 Declaring the Official Intent of the City of Hopkins to Reimburse Certain Expenditures from the Proceeds of Equipment Certificates to be Issued by the City CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2020-002
A RESOLUTION APPROVING OFFICIAL DEPOSITORIES
FOR CITY FUNDS IN 2020
WHEREAS, the City of Hopkins is required by law to designate depositories and financial
institutions for City Funds.
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Hopkins
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 designates as
depositories and financial institutions for City funds, Wells Fargo Securities, LLC, TD
Ameritrade Inc, Morgan Stanley Smith Barney, RBC Capital Markets, LLC 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 designates
depositories for City funds, Wells Fargo Securities LLC, Ehlers Investment Partners LLC,
Morgan Stanley Smith Barney and RBC Capital Markets, 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, 2020.
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ATTEST:
Amy Domeier, City Clerk