10/12/2010 Resolutions 2010-290RESOLUTION 2010-290
WHEREAS, the City has an investment advisory agreement with McCarthy Group
Advisors, L.L.C.; and
WHEREAS, the City has been notified of a definitive agreement between McCarthy
Group Advisors, L.L.C. and Westwood Holdings Group, Inc. pursuant to which Westwood Holdings
Group, Inc. proposes to acquire ownership of 100% of the equity interests in McCarthy Group
Advisors, L.L.C.; and
WHEREAS, the transaction will result in the assignment to Westwood Holdings
Group, Inc ofthe City's investment advisory agreement with McCarthy Group Advisors, L.L.C.; and
WHEREAS, the City's investment advisory agreement with McCarthy Group
Advisors, L.L.C. requires consent for such assignment;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Mayor is hereby authorized and directed to
sign on behalf of the City of Grand Island, the Consent to Assignment of Investment Advisory
Agreement consenting to the assignment to Westwood Holdings Group, Inc. ofthe City's investment
advisory agreement with McCarthy Group Advisors, L.L.C. which will result from the transaction and
following such assignment, the investment advisory agreement will remain in full force and effect as
written.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to
execute such Consent on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, October 12, 2010.
Margare Hornady, Mayor
Attest:
~a ~~~~
RaNae Edwards, City Clerk
Approved as to Form ^ ~ r " ~` 1wJ P
October 11, 2010 ~ CityAttorney