City of Gainesville - File #: 211034.

• File #: 211034.
• Version: 1
• Type: Discussion Item
• Status: Pending In Committee
• File created: 3/18/2022
• In control: Pension Review Committee
• On agenda: 3/24/2022
• Title: City Commission Resolution Calling for Divestment of Holdings in Russian and Belarusian Securities (B)

Date	Ver.	Action By	Action	Result
3/24/2022	1	Pension Review Committee	Discussed

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 Gainesville Employees Pension 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 Committee 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 make any recommendations deemed appropriate.