Palos Verdes Estates, CA
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Investment Policy Advisory Committee Meeting
- Date: 02/21/2024 3:00 PM
- Location: Council Chambers of City Hall
340 Palos Verdes Drive West
Palos Verdes Estates, California 90274
February 21, 2024
3:00 PM
Council Chambers of City Hall
340 Palos Verdes Drive West
Palos Verdes Estates, CA 90274
3:00 PM
Council Chambers of City Hall
340 Palos Verdes Drive West
Palos Verdes Estates, CA 90274
AGENDA
SPECIAL MEETING OF THE INVESTMENT POLICY ADVISORY COMMITTEE
OF THE CITY OF PALOS VERDES ESTATES
Upon request, the agenda and documents in the agenda packet can be made available in appropriate alternative formats to persons with a disability in compliance with the Americans with Disabilities Act. Please contact the City Clerk at 310-378-0383, at least 48 hours prior to the meeting to request a disability-related modification or accommodation.
The Investment Policy Advisory Committee is a new committee, effective July 1, 2017. With the City Treasurer, the Committee shall be responsible for recommending investment brokers, proposing changes to investment policy and practices, presenting investment reports, and evaluating and recommending banking-related matters. Meetings are to review, discuss and develop recommendation on matters such as investment and banking vendors, policy, transactions, returns and performance, brokers, and strategy. The Investment Policy Advisory Committee, at the direction of the Chairman with concurrence of the Committee, may modify the order of items shown on the agenda.
CALL AND NOTICE OF SPECIAL MEETING
To the Members of the Investment Policy Advisory Committee of the City of Palos Verdes Estates:
NOTICE IS HEREBY GIVEN that the chair has called a special meeting of the Investment Policy Advisory Committee. The meeting will be called to order at 3:00 pm on Wednesday, February 21, 2024. The agenda for the special meeting with the items of business to be transacted or discussed is set forth below.
Any person having any question concerning any agenda item may call the City Clerk to make an inquiry concerning the item. Upon request, the agenda and, if any, documents in the agenda packet can be made available in appropriate alternative formats to persons with a disability in compliance with the Americans with Disabilities Act. Please contact the City Clerk at 310-378-0383, at least 24 hours prior to the meeting to request a disability-related modification or accommodation.
CALL TO ORDER
ROLL CALL
COMMUNICATIONS FROM THE PUBLIC
This portion of the agenda is reserved for comments from the public on items which are NOT on the agenda. Due to state law, no action can be taken by the Council this evening on matters presented under this section. If the Council determines action is warranted, the item may be referred to staff or placed on a future Council agenda.
This portion of the agenda is reserved for comments from the public on items which are NOT on the agenda. Due to state law, no action can be taken by the Council this evening on matters presented under this section. If the Council determines action is warranted, the item may be referred to staff or placed on a future Council agenda.
NEW BUSINESS
1. INVESTMENT REPORTS FOR 2023
Recommendation: Review completed reports; discuss timing and protocol for preparation and communication of future reports. Request staff to staff submit completed reports to City Council, City Manager, and to post on the City Website.
2. MINUTES OF PREVIOUS MEETINGS
a. Minutes of January 17, 2023 Meeting
b. Minutes of April 19, 2023 Meeting
Recommendation: Discuss timing and protocol for preparation and submission of Minutes. Request that staff complete 2023 Minutes and submit to the IPAC and City Council, and to contemporaneously post on the City Website.
OLD BUSINESS
3. CONFIRMATION, COMMUNICATION AND POSTING REGARDING THE FOLLOWING MEETING SCHEDULE AGREED UPON AT THE APRIL 19, 2023, IPAC MEETING: MEETINGS OF THE INVESTMENT POLICY ADVISORY COMMITTEE SHALL BE HELD QUARTERLY, ON THE WEDNESDAY FALLING CLOSES TO, BUT NOT LATER THAN, THE 45TH DAY AFTER THE END OF EACH FISCAL QUARTER. FURTHER, THE MEEGINGS SHALL BE HELD AT 3:00 PM, AT PALOS VERDES CITY COUNCIL CHAMBERS, LOCATED AT CITY HALL, 340 PALOS VERDES DRIVE WEST, PALOS VERDES ESTATES, CA 90274. MEETING DATES FOR THE REMAINDER OF CALENDAR YEAR 2024 SHALL BE AS FOLLOWS:: • May 15, 2024 • August 14, 2024 • November 13, 2024
Recommendation: Review, Approve and Request that staff submit the above Schedule to the City Council for approval at the February 27, 2024 meeting and that staff post the meetings on the City Calendar immediately following approval by Council. FUTURE AGENDA ITEMS
FUTURE AGENDA ITEMS
ADJOURNMENT