HomeMy WebLinkAboutResolution_17-07/08_12/13/2007RESOLUTION NO. 17-07/08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM
BEACH COUNTY, FLORIDA, APPROVING A MONTH TO MONTH AGREEMENT WITH
DANA INVESTMENT ADVISORS, INC. TO ACT AS INVESTMENT MANAGERS/ADVISORS
FOR THE VILLAGE OF TEQUESTA FOR A MONTHLY FEE NOT TO EXCEED $1,500.00
Whereas, the current status of the Village's investments with the Local Government
Investment Pool (LGIP) with the State Board of Administration has required the Village to
consider alternative investments;
Whereas, Dana Investment Advisors, Inc., is the current investment advisor 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. 17-07/08 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 X
Vice-Mayor Pat Watkins 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:
MAYOR OF T
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Humpage
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Lori McWilliams, CMC ~'
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Village Clerk : ttvC
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