12/18/2018 Resolutions 2018-384RESOLUTION 2018-384
WHEREAS, by resolution adopted August 15, 2013, the City Council of the City
of Grand Island established Fund Account 825 - Fire and Police Pension Reserve Fund and
transferred to said account all funds held in Account 805 — Police Pension Reserve Fund,
Account 810 — Fire Pension Reserve Fund, and Account 800 — Fire and Police Pension Reserve
Fund; and
WHEREAS, pursuant to the authority of Neb.Rev.Stat. §§ 16-1016 and 16-1036,
police pension funds and firefighter pension funds of a city of the first class may be invested
with investment managers registered under the federal Investment Advisers Act of 1940, to
invest, reinvest, and otherwise manage such portion of the assets of the retirement system as may
be assigned by the city or retirement committee and sha11 be invested pursuant to policies
adopted by the Nebraska Investment Council; and
WHEREAS, funds in Account 825 — Fire and Police Pension Reserve Fund are
invested with D.A. Davidson & Co., a Montana Corporation authorized to do business in the
State of Nebraska; and
WHEREAS, D.A. Davidson & Co. is registered under the federal Investment
Advisers Act of 1940, as amended; and
WHEREAS, due to changes in City officials and employees, City is required to
designate such officers and/or employees who are authorized to act on behalf of the City with
respect to Account 825 - Fire and Police Pension Reserve Fund invested with D.A. Davidson &
Co., designated as Account #4276-2427, Branch #1802.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, as follows:
1. Funds of the City of Grand Island held or designated in Account 825 — Fire and
Police Pension Reserve Fund, as now owned or hereafter acquired by the City of Grand
Island in its own right or in a fiduciary capacity, shall be invested with D.A. Davidson &
Co. and shall be invested pursuant to policies adopted by the Nebraska Investment
Council.
2. City Finance Director Patrick J. Brown and Assistant City Finance Director
William Clingman, and each of them, be, and hereby are, authorized and empowered,
solely with respect to City of Grand Island Account 825 — Fire and Police Pension
Reserve Fund, to enter orders for the purchases of securities, stocks and bonds as such are
authorized pursuant to policies of the Nebraska Investment Council and as now owned or
hereafter acquired, and to enter orders for the sales, assignments, and transfers of such
securities, stocks and bonds, and said individuals, and each of them, is authorized and
empowered to give instructions in every respect concerning said account with
D.A.Davidson & Co., and said D.A. Davidson & Co. is authorized and empowered to
make payment of monies to the City of Grand Island or on its account as they and each of
them may order and direct, and they and each of them is authorized and empowe to
Approved as to Form tt
December 17, 2018 � ty A rney
execute any and all agreements with said D.A. Davidson & Co. on behalf of the City of
Grand Island in connection with said account in order to conform with the rules and
regulations of D.A. Davidson & Co. concerning any of the aforesaid transactions, and in
all matters and things before mentioned said officer and individual, and each of them
alone, is authorized to act for the City of Grand Island and on its behalf.
3. The authority vested above will be a continuing one and will remain in full force
and effect until D.A. Davidson & Co. shall receive from the City of Grand Island a
written notice of the revocation of such authority; and the persons named (and their
successors) shall be presumed to be continuously the holders of such offices and
authority until D.A. Davidson & Co. receives from the City of Grand Island a written
notice of the designation of their successors, properly certified by the City Clerk.
4. The City Clerk be, and hereby is authorized to certify to D.A. Davidson & Co. the
foregoing resolution.
Adopted by the City Council of the City of Grand Island, Nebraska, December 18, 2018.
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R� r G. Steele, Mayor
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Attest:
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�aron chmid, City Clerk Pro Tem
I, RaNae Edwards, City Clerk in and for the City of Grand Island in the State of
Nebraska, do hereby certify that at a meeting of the City Council of the City of Grand Island, a
body politic and corporate and a political subdivision of the State of Nebraska, held on the
above-mentioned date and duly called, a quorum being present and voting, the foregoing
resolution, upon motion made, seconded, and carried, was duly adopted and is now in full force
and effect.
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RaNae Edwards, City Clerk
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