Resolution No. 2022-79 Update City Appts & Designations
Resolution No. 2022 - 79
Updating City Appointments and Designations
Whereas, the City Council appoints local officials, commissions and committees to perform functions
outlined and authorized by the City Charter (Charter), ordinance, resolution or agreement; and
Whereas, the City is engaging in a new financial relationship with USB Financial Services, Inc.; and
Whereas, an update to the City’s appointments and authorizations is in order.
Now therefore, be it resolved, that the City Council of the City of Fridley hereby appoints and
authorizes Finance Director, Joe Starks, to the following designations and is authorized to execute
various functions for the City.
Official Depositories*
Institution Authorization Term Expires Authority
Wells Fargo Bank, Walter T. Wysopal, City Indefinite M.S. § 427.02;
N.A. and all of its Manager M.S. § 118A;
branches and Joe Starks, Finance Director Indefinite Charter § 6.04
subsidiaries Korinne R. Johnson,
Assistant Finance Director
U.S. Bank, NA and all Walter T. Wysopal, City Indefinite M.S. § 427.02;
of its branches and Manager M.S. § 118A;
subsidiaries Joe Starks, Finance Director Indefinite Charter § 6.04
Korinne R. Johnson,
Assistant Finance Director
UBS Financial Walter T. Wysopal, City Indefinite M.S. § 427.02;
Services, Inc. and all Manager M.S. § 118A;
of its branches and Joe Starks, Finance Director Indefinite Charter § 6.04; City of
subsidiaries Korinne R. Johnson, Fridley Investment Policy
Assistant Finance 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.
Financial Advisor
Institution Authorization Term Expires Authority
Ehlers and Walter T. Wysopal, City Indefinite M.S. § 427.02;
Associates, Inc. Manager M.S. § 118A;
Joe Starks, Finance Director Indefinite Charter § 6.04
Korinne R. Johnson,
Assistant Finance Director Indefinite
Investment Advisors
Institution Appointee Term Expires Authority
Prudent Man Walter T. Wysopal, City Indefinite M.S. § 427.02;
Advisors, Inc., Manager M.S. § 118A;
Investment Advisor Joe Starks, Finance Director Indefinite Charter § 6.04; City of
Korinne R. Johnson, Assistant Fridley Investment Policy
Finance Director
Morton Markets Walter T. Wysopal, City Indefinite M.S. § 427.02;
Capital LLC, Manager M.S. § 118A;
Investment Advisor Joe Starks, Finance Director Indefinite Charter § 6.04; City of
Korinne R. Johnson, Assistant Fridley Investment Policy
Finance Director
UBS Financial Walter T. Wysopal, City Indefinite M.S. § 427.02;
Services, Inc. and all Manager M.S. § 118A;
of its branches and Joe Starks, Finance Director Indefinite Charter § 6.04; City of
subsidiaries Korinne R. Johnson, Assistant Fridley Investment Policy
Finance Director
th
Passed and adopted by the City Council of the City of Fridley this 27 day of June, 2022.
________________________________________
Scott J. Lund – Mayor
Attest:
___________________________________________
Melissa Moore – City Clerk