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Votes at a glance: consent calendar approved; D21 alcohol application withdrawn; permanent fund investment policy amended
Summary
The council approved the consent calendar, voted to withdraw D21 (an alcohol-beverage item), and adopted R35 to amend the permanent fund investment policy to expand allowable investments and adjust target asset-class weights.
Several routine and legislative votes were recorded during the meeting.
- Consent calendar: The council approved the consent calendar by roll call.
- D21 (alcohol beverage control application for Rag Arm Development LLC d/b/a, application withdrawn): Staff reported the applicant had withdrawn the application and the governing body voted to accept the withdrawal; the item was removed from the agenda.
- R35 (resolution amending permanent fund investment policy): Financial Services Director Jaramillo presented a resolution to amend the permanent fund's investment policy statement to expand allowable investments in growth and income asset classes, adjust target weights for asset classes, continue use of state investment pools, and remove language tying performance objectives to an actuarial discount rate. Jaramillo said the changes would preserve prohibited investments, comply with state statute and provide more flexibility to diversify the fund. The council moved, seconded and approved R35 by roll call.
All three items recorded affirmative action; roll-call votes were taken and R35 was approved following staff recommendation.
