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FINANCIAL_SERVICESAPPROVED

City of Mora City Council Meeting Agenda Packet 2026-06-02

Mora Selects Ehlers as Primary Investment Advisor

Approximately $14,500,000 in investments to be managed (excluding $270,613.72 at NNB)City of MoraEHLERS INCJune 2, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Mora City Council approved Resolution 2026-611 to consolidate roughly $14.5 million in City investments under Ehlers, Inc. while retaining a smaller balance at NNB, streamlining portfolio oversight and reporting. The Finance Director is authorized to execute all related agreements and transfer funds from 4M, RBC, and Wells Fargo.

Contract Details

Contract Amount

Approximately $14,500,000 in investments to be managed (excluding $270,613.72 at NNB)

Vendor

EHLERS INC

Agency

City of Mora, MN

Contract Type

FINANCIAL_SERVICES

Document Date

June 2, 2026

Renewal Info

Ongoing investment advisory engagement subject to Minnesota Statutes Chapter 118A and the City’s investment policy; renewal or changes will be at Council direction via future actions or policy updates.

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