HomeMy WebLinkAbout2022-021 Divestment of Investments in Russia RESOLUTION NO. 2022-021
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
PARKLAND, FLORIDA, DIRECTING THE CITY MANAGER AND
APPROPRIATE CITY OFFICIALS TO REVIEW ALL CITY
CONTRACTS AND VENDORS TO ENSURE CONSISTENCY WITH ALL
FEDERAL SANCTIONS AGAINST RUSSIA AND CONFIRM THE CITY
IS NOT DOING BUSINESS WITH RUSSIAN COMPANIES; DIRECTING
THE DIVESTMENT OF INVESTMENTS IN RUSSIA AND WITH
RUSSIAN-RELATED INSTITUTIONS, COMPANIES OR ENTITIES,
AND INDIVIDUALS; PROVIDING FOR IMPLEMENTATION AND AN
EFFECTIVE DATE
WHEREAS, on or about February 24, 2022, the Government of the Russian Federation
invaded the independent sovereign country of Ukraine and has engaged, and continues to
engage, in bombardment and other military activities in Ukraine; and
WHEREAS, since February 24, 2022, governments in the United States and in countries
around the world have adopted and implemented, or announced plans to adopt and implement,
economic and investment-related sanctions, restrictions, prohibitions and blacklisting of certain
companies, institutions, entities and individuals of Russia and of certain transactions involving
those same companies, institutions, entities and individuals; and
WHEREAS, the unjustified and unprovoked Russian invasion of, and continued military
activities in, Ukraine have created political, currency, liquidity, and other material investment
risks as well as a humanitarian crisis; and
WHEREAS, the City Commission desires to condemn such actions and express its
solidarity with Ukraine and its people; and
WHEREAS, the City Commission has determined that it is prudent, under the prevailing
circumstances, to direct the City Manager and appropriate City officials to review all City
contracts and vendors to make sure that the City is consistent with all federal sanctions against
Russia and to confirm that the City is not doing business with Russian companies, and to direct
the divestments of investments in Russia and with Russian-related institutions.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF PARKLAND, FLORIDA AS FOLLOWS:
Section 1. The above referenced "Whereas" clauses are true and correct and made a
part of this Resolution.
Section 2. The City Commission hereby directs the City Manager and appropriate
City officials to review all City contracts and vendors to make sure that the City is consistent
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with all federal sanctions against Russia and to confirm that the City is not doing business with
Russian companies.
Section 3. The City Commission hereby directs the divestments of investments in
Russia and with Russian-related institutions.
Section 4. The City Clerk is directed to transmit a certified copy of this Resolution to
the Broward League of Cities and all Broward municipalities.
Section 5. The appropriate City officials are authorized and directed to do all things
necessary to carry out the aims of this Resolution.
Section 6. All resolutions, and parts of resolutions, in conflict with this Resolution
are hereby repealed to the extent of such conflict.
Section 7. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 4`h DAY OF MAY, 2022.
CITY OF PARKLAND, FLORIDA
RICHARD W. WALKER
MAYOR
ATTEST:
fj. •ti� Par
ALY ON MORALES, MMC �4r
CITY CLERK
to SEAL •,�
Record of the vote
Mayor Walker Q�
Counti`�
Vice Mayor Cutler
Commissioner Brier
Commissioner Isrow VeJ
Commissioner Mayersohn 16
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