1249 Marin Avenue/Rooms 1 & 2
(NOTE NEW LOCATION)
November 24, 2009 – 10:00 a.m.

1. CALL TO ORDER

2. ROLL CALL

3. CONSENT CALENDAR

(Consent Calendar items are considered to be routine by the Commission/Committee/Board and will be enacted by one motion. By approval of the Consent Calendar, the staff recommendations will be adopted unless otherwise modified by the Commission/Committee. There will be no separate discussion on these items unless a Commission/Committee/Board Member or a member of the audience requests removal of the items from the Consent Calendar.)

3-1 Approval of pension payments for the month of November 2009 in the amount of $116,251.36.

Staff recommendation: Approve

3-2 Approval of invoice from Wurts & Associates in the amount of $1,750.00 for investment consulting services for the month of July 2009. This is final billing.

Staff recommendation: Approve

4. APPROVAL OF MINUTES

4-1 Minutes of the regular meeting of September 29, 2009

Staff recommendation: Approve

4-2 Minutes of the regular meeting of October 27, 2009

Staff recommendation: Approve

5. PUBLIC COMMENT

For persons desiring to address the Commission/Committee/Board on an item that is not on the agenda please note that each speaker is limited to three (3) minutes. The Brown Act limits the Committee’s ability to take and/or discuss items that are not on the agenda; therefore, such items are normally referred to staff for comment or to a future agenda.

6. REPORTS

6-1 Vicken Ekmekjian of Atlantic Trust presenting investment performance report for the period ended October 31, 2009.




7. DISCUSSIONS AND POSSIBLE ACTION ON MATTERS RELATED TO THE FOLLOWING ITEMS:

7-1 Discussion regarding why the Pension Board voted to change investment advisors from Wurts & Associates to advisor/manager Atlantic Trust.


7-2 Approval of invoice from the City of Albany in the amount of $1,863.60 for City Administrative services for the month of November, 2009

Staff recommendation: Approve

8. ANNOUNCEMENTS/COMMUNICATIONS

8-1. The next regularly scheduled Pension Board meeting is Tuesday December 29, 2009. We will need to poll the board to determine if a quorum will be available or reschedule the meeting.

9. FUTURE AGENDA ITEMS

(Commission/Committee/Board Member announcement of requests for future agenda items. No public comment will be taken on announcement of future agenda items).

10. ADJOURNMENT


The Commission/Committee/Board packet is available for public inspection at City Hall. The agenda can be found at the Fire Department, Albany Library/Community Center and on our web page at www.albanyca.org.

Please note that if you provide your name and address when speaking before the Commission/Committee/Board it will become part of the official public record, which will be posted on the Internet.

Any writings or documents provided to a majority of the Commissioners regarding any item on this agenda will be made available for public inspection at the Administration counter at City Hall located at 405 Kains Avenue during normal business hours.


Date posted: Wednesday, November 18, 2009