Title
Annual Report of the Investment Review Committee for Fiscal Year 2017-18
Recommended Action
1. Accept the Annual Report of the Investment Review Committee for Fiscal Year 2017-18.
2. Adopt a Resolution of the City Council Modifying City Council Policy B-2, Investment Policy, to be read in title only, further reading waived (Attachment 1 to the Council Report).
3. Approve the Investment Review Committee’s recommendation to divest the City’s holdings in Chevron and Exxon Mobil Corporate Notes as soon as possible.