HomeMy WebLinkAboutResolution_16-07/08_12/13/2007RESOLUTION NO. 16-07/08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, APPROVING A
CONTRACT WITH DANA INVESTMENT ADVISORS, INC. TO
EVALUATE TEQUESTA'S CURRENT SHORT-TERM INVESTMENTS
AND ALTERNATIVES, AND PROVIDE SUGGESTIONS FOR SHORT-
TERM INVESTMENT SECURITIES AND FUNDS THAT EMPHASIZE
LIQUIDITY AND SAFETY OF PRINCIPAL AS PRIMARY GOAL FOR A
FEE OF $5,000.00
Whereas, the current status of the Village's investments with the Local
Government Investment Pool (LGIP) held by the State Board of Administration has
required the Village to consider alternative investments;
Whereas, Dana Investment Advisors, Inc., are the current advisor's for the
Village of Tequesta General Employee Pension Trust;
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 16-07/08 authorizing a contract with Dana
Investment Advisors, Inc. to perform the services described above and
authorizing the Village Manager to proceed on behalf of the Village, is hereby
approved.
Section 2 This Resolution shall become effective immediately upon passage.
The foregoing Resolution was offered by Council Member Amero who moved its
adoption. The motion was seconded by Vice-Mayor Watkins and upon being put to a
vote, the vote was as follows:
For Adoption Against Adoption
Mayor Jim Humpage
Vice-Mayor Pat Watkins
X
X
Council Member Dan Amero X
Council Member Tom Paterno X
Council Member Calvin Turnquest X
The Mayor thereupon declared the Resolution duly passed and adopted this 13th day
of December, 2007.
ATTEST:
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MAYOR OF TEQUESTA