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1994 09 14 IAB Minutes INVESTMENT ADVISORY BOARD MINUTES SEPTEMBER 14, 1994 I CAI.I, TO ORDER Regular meeting of the La Quinta Investment Advisory Board was called to order at the hour of 5:30 P.M. by Chairperson Lewis, followed by the Pledge of Allegiance. PRESENT: Board Members Brown, Gilreath, Sales and Chairperson Lewis ABSENT: Vacancy II CONFIRMATION OF AGENDA Confirmed. III pIIBLIC COMMENT None IV CONSENT CALENDAR A. Approval of Investment Advisory Board Minutes of July 20, 1994, August 17, 1994 and August 31, 1994. MOTION - It was moved by Board Members Sales/Brown to approve the minutes of the July 20, 1994, August 17, 1994 and August 3 l, 1994 Investment Advisory Board meetings. Motion carried unanimously. V i~IISINESS SESSION A. Transmittal of Treasurers Report dated June 30, 1994. MOTION - It was moved by Board Members Brown/C. nSkeath to approve the Treasurers Report dated June 30, 1994 as submitted. Motion carried unanimously. Investment Advisory Board 2 September 14, 1994 Minutes VI STIJDY SESSION A. Discussion of Investment Strategy Plan. The Investment Advisory Board discussed goals for the Investment Strategy Plan. Mr. Parzonko indicated that he would bring graphs and model portfolios to the October 12, 1994 meeting for review by the Board. VII BOARD MEMBER COMMENTS None VIII ADJOIIRNMENT MOTION - It was moved by Board Members Brown/Sales to adjourn the meeting. Motion carried unanimously. '%!-~,~~ M E M O R A N D U M TO: Investment Advisory Board Members FROM: Thomas P. Genovese, City Manager RE: Finance Director Position The City has entered into a contract with David M. Griffith & Associates to conduct the recruitment for Finance Director. The consultant is already working on the job flyer. The complete process should take 90 - 120 days.