IAC approves contract changes, sets quarterly oversight schedule
After debate and legal caution, the Investment Advisory Committee approved amendments to vendor contracts and set quarterly meeting dates for oversight; no public comment was taken and the meeting adjourned at 3:21 p.m.
The full story
The Lorain County Investment Advisory Committee recorded two formal resolutions and vote tallies at its Feb. 10 meeting. First, the committee amended Resolution IAC-25-01 to change termination/start dates for vendor contracts; the amendment passed on a 3–2 roll-call vote (Moore, Gallagher and Riddell in favor; Talarek and Orlando opposed). The committee then passed Resolution IAC-26-02 to enter an agreement with Westminster Financial Advisory Corporation effective April 1, 2026, by the same 3–2 tally.
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