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OCII authorizes treasurer to manage trustee-held funds under $35,000 MOU

Commission on Community Investment and Infrastructure (OCII) · June 16, 2020
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Summary

The Office of Community Investment and Infrastructure voted June 16 to authorize an MOU with the City and County of San Francisco Treasurer-Tax Collectorto perform investment services for OCII funds held by third-party trustees, allocating up to $35,000 for FY2020—1.

The Office of Community Investment and Infrastructure voted Tuesday to authorize its executive director to enter into a memorandum of understanding with the City and County of San Francisco Treasurer-Tax Collectorto manage investment services for OCII funds held by third-party trustees.

The authorization, approved by a 3-0 vote with Vice Chair Rosales absent, covers up to $35,000 for fiscal year 2020–21, with future-year amounts subject to annual appropriation. The resolution number for the action is referenced in…

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