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Council approves Moreton Capital Markets as an additional city depository

Chisago City Council · September 23, 2025
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Summary

Chisago City approved a resolution to add Moreton Capital Markets, LLC as an additional depository and investment resource, citing analytical tools and training; council approved Resolution 25-09-03.

Finance Director Cassie Gemuenden recommended the council approve Moreton Capital Markets, LLC as an additional depository for the city's cash and investments, saying the firm would provide analytical investment review tools and free training.

Gemuenden noted Moreton is an approved depository for other Minnesota cities and that Hannah Lynch, vice president at Moreton, has previous professional relationships with the city's finance director and the city's auditing partner. Council member Craig Meyer moved to approve Resolution 25-09-03; Council member Mark Anderson seconded and the resolution passed without recorded abstention.

Gemuenden told the council the city intends to use Moreton to improve portfolio communication and to consider transferring funds from RBC to Moreton for clearer investment management.

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