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Minutes of the Regular Meeting of Council <br />Tuesday, February 18, 2020 <br />Page 13 <br />Resolution No. 2020-13, entitled, "A resolution authorizing an agreement with Delta <br />Dental as and for an employee dental program." Introduced by Mayor Bodnar (Finance <br />Department) <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to adopt Resolution No. 2020-13. <br />Council President Schutt asked, discussion? <br />There was none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Resolution Adopted <br />Resolution No. 2020-14, entitled, "A resolution authorizing an agreement with Metlife as <br />and for an employee AD&D and life insurance program." Introduced by Mayor Bodnar. <br />(Finance Department). <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to adopt Resolution No. 2020-14. <br />Council President Schutt asked, discussion? <br />There was none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Resolution Adopted <br />Resolution No. 2020-15, entitled, "An emergency resolution designating certain financial <br />institutions as depositories for interim funds of Mayfield Village, Ohio for the period <br />commencing with February 19, 2020 and terminating December 31, 2020." Introduced by <br />Mayor Bodnar. (Finance Department). <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to adopt Resolution No. 2020-15. <br />Council President Schutt asked, discussion? <br />Mr. Wynne stated, this is a late entry for this evening. Just a quick background. First of all, the <br />background on approving depositories. We are required every five years to have the financial <br />institutions that we deposit our money in approved by Council. That five years expires <br />December 31, 2020. That's why this legislation terminates on that date just to make it <br />consistent. I found out on Friday that the investment advisor that I have been dealing with with <br />UBS Financial Services who manages all of our CD transactions has left UBS and taken a <br />position with Wells Fargo Advisors. What this Resolution is requesting is to add Wells Fargo <br />Advisors as an approved depository so I can work with him to move our portfolio over to Wells <br />Fargo where he can manage it from his new employer. <br />Council President Schutt stated, thank you Ron. Discussion? <br />