HomeMy WebLinkAbout~Master - Addition of Investment Option to Utility Retirement System RESOLUTION NO. 00-323
RESOLUTION APPROVING ADDITION
OF INVESTMENT OPTION
TO UTILITY RETIREMENT SYSTEM
FOR THE CITY OF AMES, IOWA
WHEREAS, the Utility Retirement System's Participant Review Board met recently to
consider the addition of one more investment option for members; and,
WHEREAS, it was determined that Vanguard's Life Strategy Funds could be added at no
additional cost to the System; and,
WHEREAS, these funds provide a range of investment options to accommodate
conservative, moderate, or aggressive investors based on personal objective.
NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the addition of the Vanguard Life Strategy Funds as investment options for Utility Retirement
System members is hereby approved.
ADOPTED THIS 11 th day of July, 2000.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Wirth
Voting aye: Campbell, Cross, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: Goodhue
Resolution declared adopted and signed by the Mayor this 1 Ith day of July, 2000.