-
About Homer
-
- Americans with Disabilities Act Compliance Program City CampgroundsCommunity Recreation COVID-19 Hickerson Memorial Cemetery
- Library Parks & Trails Public Safety Fire Police Emergency Information
- Events & Activities City Calendar Library Calendar Recreation Calendar Doing Business in Homer Sister City Program Coast Guard City
-
- Departments
-
Government
-
- Office of the Mayor City Council City Clerk's Office Committees & Task Forces
- Commissions & Boards ADA Advisory Board Economic Development Advisory Commission Library Advisory Board Parks, Art, Recreation & Culture Advisory Commission Planning Commission Port & Harbor Advisory Commission
- Homer City Code Public Meetings Agendas & Minutes Invitations to Bid & RFPs
-
- How Do I?
Permanent Fund Committee Meeting Minutes January 14, 2010
Session 10-01 a Regular Meeting of the Permanent Fund Committee was called to order at 6:03 p.m. on January 14, 2010 by Regina Harville at the Homer City Hall Cowles Council Chambers located at 491 E. Pioneer Avenue, Homer, Alaska.
PRESENT: COMMITTEE MEMBERS: REGINA HARVILLE, BARBARA HOWARD, JO JOHNSON, MATT NORTH, BETH WYTHE
APPROVAL OF AGENDA
The agenda was approved by consensus of the Committee.
PUBLIC COMMENTS REGARDING ITEMS ON THE AGENDA
There were no public comments.
APPROVAL OF MINUTES
A. Regular Meeting Minutes of October 8, 2009
The minutes were approved by consensus of the Committee.
VISITORS
Homer News Reporter Michael Armstrong was in attendance.
STAFF & COUNCIL REPORT/COMMITTEE REPORTS/BOROUGH REPORTS
Regina Harville reported monies from the Permanent Fund were received and put into an interest bearing Alaska Municipal League account. To date $85 interest has been paid.
PUBLIC HEARING
PENDING BUSINESS
NEW BUSINESS
A. Election of Chair
Beth Wythe nominated Barbara Howard as Chair. Barbara Howard accepted the position and there was no objection from the Committee.
Regina Harville passed the gavel to Barbara Howard.
B. Review Request for Proposals for Permanent Fund Investment Services
The Committee reviewed three proposals for investment services for the Permanent Fund. The proposals were scored for a maximum total of 60 points, 40 points to be reserved for the interview process. The three proposals were scored for a cumulative total of points from the five Committee members as follows:
Morgan Stanley Smith Barney 233
Raymond James Financial Services Inc. 222
U.S. Bank 254
The interview process was discussed and it was decided an initial telephone interview with the Committee would be scheduled. A Special Meeting date of January 28, 2010 at noon was confirmed with the Committee. Jo Johnson was tasked with calling U.S. Bank to arrange for the telephonic interview. The interview and resolution awarding the contract could be placed on the February 22nd City Council Special Meeting agenda. The meeting would begin at 4:00 p.m. with telephonic participation allowed for the proposer.
Matt North and Regina Harville were assigned the task of compiling questions for the Committee’s interview.
INFORMATIONAL MATERIALS
COMMENTS OF THE AUDIENCE (3 MINUTE TIME LIMIT)
There were no public comments.
COMMENTS OF THE CITY STAFF
Regina Harville and Jo Johnson had no comments.
COMMENTS OF THE COUNCILMEMBER
Councilmember Wythe had no comments.
COMMENTS OF THE CHAIR
Chair Howard had no comments.
COMMENTS OF THE COMMISSION
Matt North commented he is looking forward to moving along.
ADJOURNMENT
There being no further business to come before the Committee, the meeting was adjourned at 7:09 p.m. The next Regular Meeting is scheduled for Thursday, April 8, 2010 at 6:00 p.m. A Special Meeting is scheduled for Thursday, January 28, 2010 at Noon. Both meetings will be held in the Homer City Hall Cowles Council Chambers, 491 E. Pioneer Avenue, Homer, Alaska.
Submitted by Jo Johnson
