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Council clarifies membership of city investment committee
Summary
Council members asked who serves on the City investment committee; staff read three names from the meeting packet and clarified the panel consists of three council-appointed members and does not include council members by default.
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During the meeting’s review of statutory and consent items, a council member asked who serves on the city investment committee and whether council members sit on it.
Staff read the membership listed in the packet and named Jack Valerius, Rosemarie Sellman and Aliza/Jordan as the three appointed members. Staff clarified the committee is made up of three council-appointed members and that there are no council members serving on the committee by virtue of office.
Council accepted the clarification; the item remained a procedural matter on the consent/statutory portion of the agenda.
