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155 | February 16, 2016. Approved. (*16-130) Ratified bills in the amount of $2,079,295.47. (16-131) Recommendation to Approve the City of Alameda Investment Policy. Outlined changes made to the Investment Policy: Kevin Kennedy, City Treasurer. Mayor Spencer inquired what the changes are in the Section 3e. The City Treasurer responded that the section reflects the City's objectives and community desires, not just State Policy; the addition to the section is coal based industries; any coal based companies will be excluded. Mayor Spencer inquired whether the policy prohibits 51% of gross revenues from cigarettes, gambling or alcohol products, yet 0% of any coal based products, to which the City Treasurer responded in the affirmative. Mayor Spencer inquired whether the City currently invests in any coal based company. The City Treasurer responded in the negative; stated the restriction will not have an adverse effect on the risk or return of the portfolio. Mayor Spencer inquired whether CalPers has the same restriction. The City Treasurer responded in the affirmative. Councilmember Oddie stated the changes to the Investment Policy are a good statement for Alameda and impact climate change and global warming. Councilmember Oddie moved approval of the staff recommendation. Vice Mayor Matarrese seconded the motion, which carried by unanimous voice vote - 5. (*16-132) Recommendation to Endorse the San Francisco Bay Clean Water, Pollution Prevention, and Habitat Restoration Program June 7, 2016 Ballot Measure. Accepted. [630-30] (*16-133) Recommendation to Accept the Annual Report on Alameda Landing Transportation Demand Management (TDM) Program and Review the Recommendation to Expand the Transportation Management Association (TMA). Councilmember Daysog read a report on the upward trajectory of the number of people taking the shuttle; stated there has been a lot of movement with regard to Citywide transit. Regular Meeting Alameda City Council 2 March 15, 2016 |