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← City Council · 2025-10-20 · City Council Meeting

Adoption of MGL 203C, Sections 1-11 Prudent Investor

Clerk file 2025-63 — its full path through the council

Agenda original PDF

No further agenda text.

Minutes original PDF

1. (ID # 13037): Requesting the Acceptance of M.G.L. c.44, §54(b) to allow City of Melrose Trust Funds to be invested in accordance with M.G.L. c.203C, the “Prudent Investment Rule”. Motion to Refer to Appropriations & Oversight Committee made by President Migliorelli RESULT: ASSIGNED TO COMMITTEE TO: Appropriations & Oversight Committee B. Filings by members of the Honorable City Council C. Petition

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Transcript (~1 min @ 47:10)

Speakers identified by voice; unnamed voices are numbered within this recording. Auto-caption text — verify against the video.

▶ 47:04 Speaker 2: ID number 1 3 0 3 7 requesting the acceptance of Mass General Law C 44 54 B to allow City of Melrose Trust funds to be invested in accordance with Mass General Law. C 2 0 3 C, the prudent investment rule.

▶ 47:20 Leila Migliorelli: This will go to appropriations, um, under petitions

▶ 47:25 Speaker 2: ID number 1 3 0 3 8. Proposed installation 40 feet C3 Class three, jointly owned pole number five in the Eastern sidewalk in front of 3 7 1 East Foster Street.