73-14016 RESOLUTION NO. 73-14016
WHEREAS, the Board of Trustees of The Retirement System
For General Employees has recommended to the City Council that
Thorndike, Doran, Paine & Lewis , Inc. be retained as Invest-
ment counsel for one-half of the funds in said System, and
WHEREAS , the Board of Trustees of The Retirement System
For General Employees has recommended to the City Council
that The Boston Company of The Southeast be retained as in-
vestment counsel for the remaining one-half of the funds in
said System, and
WHEREAS, the City Council of the City of Miami Beach has
determined that the said recommendations are well founded, and
WHEREAS , agreements have been prepared retaining Thorndike,
Doran, Paine & Lewis , Inc. and The Boston Company of The
Southeast as investment counsel, each for one-half of the
funds in the System, for a period of three years commencing
(Note: July 1 , 1973
Effective date -} -1-,--1�}}3 , and,
changed to
July 1 , 1973
by mutual consent WHEREAS, the City Council of the City of Miami Beach deems
at Pension Bd.
meeting it to be in the best interests of the City of Miami Beach, its
6-28-73)
employees, citizens and residents, that said Agreement be ex-
ecuted;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Clerk-Finance Director be and they are hereby authorized
and directed to execute said Agreement for and in behalf of
the City of Miami Beach, and the appropriate financial and
disbursing officials of the City of Miami Beach be and they
•
RESOLUTION NO. 73-14016
WHEREAS , the Board of Trustees of The Retirement System
For General Employees has recommended to the City Council that
Thorndike, Doran, Paine & Lewis, Inc. be retained as Invest-
ment counsel for one-half of the funds in said System, and
WHEREAS , the Board of Trustees of The Retirement System
For General Employees has recommended to the City Council
that The Boston Company of The Southeast be retained as in•
vestment counsel for the remaining one-half of the funds in
said System, and
WHEREAS, the City Council of the City of Miami Beach has
determined that the said recommendations are well founded, and
WHEREAS , agreements have been prepared retaining Thorndike,
Doran, Paine & Lewis , Inc. and The Boston Company of The
Southeast as investment counsel, each for one-half of the
funds in the System, for a period of three years commencing
(Note: July 1 , 1973
Effective date -flute -1-,--1-}�3 , and,
changed to
July 1 , 1973
lby mutual consent WHEREAS, the City Council of the City of Miami Beach deems
at Pension Bd.
meeting it to be in the best interests of the City of Miami Beach, its
6-28-73)
employees , citizens and residents, that said Agreement be ex-
ecuted;
NOW, THEREFORE , BE IT DULY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Clerk-Finance Director be and they are hereby authorized
and directed to execute said Agreement for and in behalf of
the City of Miami Beach, and the appropriate financial and
disbursing officials of the City of Miami Beach be and they
are hereby authorized and directed to pay and disburse the
sum or sums set forth in said Agreement.
PASSED AND ADOPTED this 16th day of May , 1973 .
Mayor
est:
aAhAat--
ity Clerk-F . ance Direjor
(SEAL) [ °-1441101114
OFFICE O CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139