Resolution No. 2022-141 Updating City Appts and Designations
Resolution No. 2022-141
Updating City Council Appointments and Designations
Whereas, the Fridley City Council (Council) appoints local officials, commissions and committees to
perform functions outlined and authorized by the City Charter (Charter), ordinance, resolution or
agreement;
Whereas, the City is engaging in a new financial relationship with Wells Fargo Advisors and no longer
maintains a relationship with Prudent Man Advisors, Inc;
Whereas, a review of vacancies and reappointments are conducted at the first Council meeting of
each year.
Now therefore, be it resolved, that the City Council of the City of Fridley hereby confirms, makes
or extends the following appointments.
Official Depositories*
Institution Authorization Term Expires Authority
Wells Fargo Bank, Walter T. Wysopal, City Manager Indefinite M.S. § 427.02;
N.A. and all of its Joe Starks, Finance Director Indefinite M.S. § 118A;
branches and Korrine R. Johnson, Assistant Finance Indefinite Charter § 6.04
subsidiaries Director
U.S. Bank, NA and Walter T. Wysopal, City Manager Indefinite M.S. § 427.02;
all of its branches Joe Starks, Finance Director Indefinite M.S. § 118A;
and subsidiaries Korrine R. Johnson, Assistant Finance Indefinite Charter § 6.04
Director
*The City Manager, Director of Finance/City Treasurer, or Assistant Finance Director shall have the
authority to transfer funds from one official depository to another for the purpose of investing and
satisfying claims against City funds. The City delegates authority to make Electronic Funds Transfers
to the Finance Director or their designee.
Financial Advisor
Institution Authorization Term Expires Authority
Ehlers and Walter T. Wysopal, City Manager Indefinite M.S. § 427.02;
Associates, Inc. Joe Starks, Finance Director Indefinite M.S. § 118A;
Korrine R. Johnson, Assistant Finance Indefinite Charter § 6.04
Director
Investment Advisors
Institution Appointee Term Expires Authority
Morton Markets Walter T. Wysopal, City Manager Indefinite M.S. § 427.02;
Capital LLC, Joe Starks, Finance Director Indefinite M.S. § 118A;
Investment Advisor Korrine R. Johnson, Assistant Finance Indefinite Charter § 6.04
Director Fridley Investment
Policy
Wells Fargo Walter T. Wysopal, City Manager Indefinite M.S. § 427.02;
Advisors Joe Starks, Finance Director Indefinite M.S. § 118A;
Korrine R. Johnson, Assistant Finance Indefinite Charter § 6.04
Director Fridley Investment
Policy
UBS Financial Walter T. Wysopal, City Manager Indefinite M.S. § 427.02;
Services, Inc. Joe Starks, Finance Director Indefinite M.S. § 118A;
Korrine R. Johnson, Assistant Finance Indefinite Charter § 6.04
Director Fridley Investment
Policy
th
Passed and adopted by the City Council of the City of Fridley this 12 day of December, 2022.
________________________________________
Scott J. Lund – Mayor
Attest:
___________________________________________
Melissa Moore – City Clerk