HomeMy WebLinkAbout2013-01-16 Council Minutes - Work SessionKENAI CITY COUNCIL WORK SESSION
PERMANENT FUNDS
JANUARY 16, 2013
5:30 P.M.
KENAI CITY COUNCIL CHAMBERS
VICE MAYOR RYAN MARQUIS, PRESIDING
NOTES
Council present: Vice Mayor R. Marquis, R. Molloy, B. Gabriel, T. Navarre (entered
meeting at 6p) T. Bookey (entered meeting at 6:23p)
Others present: City Manager R. Koch, City Attorney S. Bloom, Finance Director T.
Eubank, City Clerk S. Modigh, and Senior Vice President of Alaska
Permanent Capital Management Company Bert Wagnon
Vice Mayor Marquis began the work session at approximately 5:30 p.m
City Manager Koch provided introductions. Finance Director Eubanks and Mr. Wagnon
reviewed the 2012 investment performance of the City's Land Sale Permanent Funds and
provided recommendations for the establishment of the 2013 Land Sale Permanent Funds
Allocation Plan. The Investment Review Report for period ending December 31, 2012 and City
portfolio were reviewed and discussed.
The work session was adjourned at 6:32 p.m.
Notes repared by:
Sand a Modigh, CM
City C erk