Legislation Details

File #: 211033.    Version: 1 Name:
Type: Discussion Item Status: Pending In Committee
File created: 3/18/2022 In control: Board of Trustees of the Consolidated Police & Fire Retirement Plan
On agenda: 3/23/2022 Final action:
Title: City Commission Resolution Calling for Divestment of Holdings in Russian and Belarusian Securities (B)
Attachments: 1. 211033_Russian Divestment Request Resolution 20220317_20230323

Title

City Commission Resolution Calling for Divestment of Holdings in Russian and Belarusian Securities (B)

 

Explanation

The Gainesville City Commission approved Resolution No. 211008 at their March 17, 2022 meeting. The Resolution requests that the Board of Trustees of the Consolidated Police Officers and Firefighters Retirement Plan divest of any current holdings in Russian or Belarusian securities as soon as possible, and that the Board consider a new investment policy opposed to future investment of City funds in Russian or Belarusian securities.

 

Recommendation

The Board of Trustees 1) discuss the City Commission's request that the Board divest of any current holdings in Russian or Belarusian securities as soon as possible; 2) discuss the City Commission's request that the Board consider a new investment policy opposed to future investment of City funds in Russian or Belarusian securities, and take any action deemed appropriate.