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Council votes to abolish investment advisory committee, directs finance committee to assume oversight
Summary
Following extended debate over scope and authority — including whether a citizens’ advisory body should run RFPs — the council voted to abolish the investment advisory committee and asked the finance committee to take up oversight and candidate recruitment for expert input.
Pepper Pike City Council voted Jan. 27 to abolish an investment advisory committee that had been established by ordinance. The vote came after a lengthy debate on whether the committee added value beyond the finance committee and whether its draft language improperly gave the advisory body authority to conduct requests for proposals.
Opponents of the committee argued the finance committee already has statutory oversight of…
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