pages: CityCouncil/2007-02-20.pdf, 2
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CityCouncil | 2007-02-20 | 2 | 13907 [paragraph nos. 07-086 and 07-086A] were removed from the Consent Calendar for discussion. Councilmember Matarrese moved approval of the remainder of the Consent Calendar. Vice Mayor Tam seconded the motion, which carried by unanimous voice vote - 5. [ Items so enacted or adopted are indicated by an asterisk preceding the paragraph number. . ] ( * 07-076) - Minutes of the Special and Regular City Council Meetings held on February 6, 2007. Approved. (*07-077) Ratified bills in the amount of $3,803,536.53. (*07-078) Recommendation to accept the Quarterly Sales Tax Report for the period ending September 30, 2006. Accepted. (07-079) Recommendation to accept the Quarterly Investment Report for the period ending December 31, 2006. Vice Mayor Tam stated the County Auditor-Controller offered to review the City's investment portfolio and facilitate a meeting with the County Treasurer to review investment opportunities The City Treasurer gave a briefing on the City's Investment Report. Mayor Johnson inquired whether the two manager's performances differ. The City Treasurer responded the difference is very small; stated one manager manages longer term bonds, which gives a little higher return over time. Mayor Johnson requested that the City Treasurer review the City's Investment Policy when meeting with the County Auditor-Controller or that he conduct his own review. The City Treasurer stated the Finance Director is very bright and continues to investigate the investment arena. Vice Mayor Tam moved approval of the staff recommendatior with direction that the City Treasurer meet with the County Auditor- Controller and County Treasurer to review the City's investment portfolio and policy and to report back to Council in the next Quarterly Report or sooner. Councilmember Matarrese seconded the motion, which carried by Regular Meeting Alameda City Council 2 February 20, 2007 | CityCouncil/2007-02-20.pdf |