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Commission begins rewrite of investment policy, asks staff for clean draft and questions
Summary
Commissioners reviewed a red‑lined rewrite of the city's investment policy based on state templates and discussed ESG language, allocation caps and reporting; staff will circulate a clean draft and questions for further deliberation.
Commissioners discussed a comprehensive update to the City of South Pasadena's investment policy and asked staff to circulate an unmarked, clean draft and a short list of decision questions ahead of the next meeting.
Janet, who volunteered to draft changes, said she used the California Municipal Treasurers Association/state template and compared other city policies to standardize format and…
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