Investment Committee discusses draft Investment Policy, takes no action
Summary
The Coffee County Investment Committee discussed a proposed Investment Policy at its Feb. 18 meeting but did not vote on it; Trustee John Marchesoni provided one copy for committee review and asked Mayor Dennis Hunt to circulate copies for members to review ahead of the next meeting.
The Coffee County Investment Committee met Feb. 18 in Manchester and discussed a draft Investment Policy but took no formal action.
Chairman Mayor Dennis Hunt called the meeting to order and confirmed attendance by Mayor Dennis Hunt, Trustee John Marchesoni, Commissioner Dwight Miller, Commissioner Rose Ann Smith, Commissioner Jimmy Hollandsworth and Director of Accounts & Budgets Marianna Edinger. The committee’s discussion of the Investment Policy consumed substantial time but ended without a motion or vote on the text.
Trustee John Marchesoni provided one printed copy of the proposed Investment Policy to committee members and asked Mayor Hunt to make additional copies for distribution. Committee members raised questions and concerns about the policy language during the discussion, but the transcript records no formal amendments or decisions.
The committee did schedule a follow-up meeting for Feb. 24, 2025 at 8:30 a.m., where members may consider the Investment Policy again. The meeting was livestreamed; a channel link is recorded in the minutes.
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