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Resolution 77-15433 RESOLUTION NO. 77-15433 A RESOLUTION APPROVING ASSIGNMENT OF AGREEMENT WITH THE BOSTON COMPANY OF THE SOUTHEAST, INVEST- MENT COUNSEL FOR THE MIAMI BEACH EMPLOYEES RETIRE- MENT SYSTEM TO THE INVESTMENT COUNSEL COMPANY OF THE SOUTHEAST. WHEREAS , the Miami Beach Employees Retirement System presently has an agreement with the Boston Company of the South- east to serve as its investment counsel, and WHEREAS , said Board of Trustees has been advised of the request of the Boston Company of the Southeast to assign its investment counsel agreement to the Investment Counsel Company of the Southeast, and WHEREAS , said Board of Trustees has now recommended that the assignment of said contract be approved by the Council pursuant to the recommendation as set forth in Council Memo- randum No. 6496 , incorporated by reference herein; NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and the City Clerk be and they are hereby authorized and directed to execute the proposal as set forth in the communication directed to the City of Miami Beach, Florida under date of May 25 , 1977, as incorporated by reference herein; BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that the disbursing officers of the City be and they are hereby authorized and directed to pay out such sums of money as the City is obligated to pay out under the terms of said proposal to the Investment Counsel Company of the South- east from the funds of the City available for such purpose. PASSED and ADOPTED this 7th day of September, 1977 . Mayor Attest: 6 "*--**66 -Ate,/,--1/- 221 City Clerk OFFICE OF THE CITY ATTORNEY 1130 WASHINGTON AVENUE - MIAMI BEACH, FLORIDA 33139 THE INVESTMENT COUNSEL COMPANY 4 OF THE SOUTHEAST +r, rr 1d,rsICYJ FiS),1i.lA 3:S..i I'FNUrJE f3l.�184161i May 25, 1977 City of Miami Beach, Florida City Hall, 1130 Washington Avenue Miami Beach, Florida 33139 Re: MIAMI BEACH RETIREMENT SYSTEM FOR GENERAL EMPLOYEES Gentlemen: We are pleased to announce that the professional staff of The Boston Company of the Southeast expects to purchase, on or about June 15 , 1977 , substantially all of the assets of the Boston Company of the Southeast and to operate the business under the name of The Investment Counsel Company of the Southeast. We trust that you will wish to continue as a valued client. Your account will be served in the same manner, on the same terms, and by the same personnel who have served you in the past. Please indicate your consent to the transfer of your agreement with The Boston Company of the Southeast, dated July 1, 1976 , to The Investment Counsel Company of the Southeast by signing this letter and returning it to us in the enclosed, self-addressed envelope. A copy is enclosed for your records. Your consent will also authorize transfer to us from The Boston Company of the Southeast the records necessary to serve your account. We are grateful for the continued confidence you are showing in us. Respectfully, I ' THE INVESTMENT COUNSEL COMPANY OF THE SOUTHEAST By: 4. r Agreed and consented to: CITY OF MIA i"tEACH, FLORIDA ATTEST: Harold Rosen, Mayor 0 Date . September 7, 1977 Elaine Matthews, City Clerk Date 740k 7/ / The Boston Company of the Southeast 14th Floor, 201 E. Pine Street Orlando, Florida 32801 Gentlemen: Please accept this letter as our approval to assign to The Investment Counsel Company of the Southeast our Investment Counsel Agreement dated July 1, 1976. This authorization will become effective on the date of acceptance by The Investment Counsel Company of the Southeast. We continue to recognize that we have the right to cancel our existing agreement at any time. Yours very truly, CITY OF MIAMI BEACH, FLORIDA ATTEST: flayor Accepted: City Clerk THE INVESTMEN COUNSEL COMPANY OF THE SOUTHEAST (i3A1By 1 NVM Date ) Z /C1 � ORIGINAL RESOLUTION NO. 77-15433 (Approving assignment of agreement with p g the Boston Company of the Southeast, Investment Counsel for MB Employees Retire ment System to the Investment Counsel Company of the Southeast) V.