RESOLUTION 87-18985 RESOLUTION NO. 87-18985
A RESOLUTION AUTHORIZING EXECUTION OF AGREEMENTS
WITH THE INVESTMENT COUNSEL COMPANY OF THE SOUTHEAST,
THORND I KE, DORAN, PA I NE & LEWIS, INC. , AND M.D. SASS
INVESTORS SERVICE, INC. FOR SERVICES AS INVESTMENT
COUNSEL FOR THE CITY OF MIAMI BEACH GENERAL EMPLOYEES
RETIREMENT SYSTEM.
WHEREAS, the Board of Trustees of the Retirement System
for General Employees has recommended to the City Commission that
The Investment Counsel Company of the Southeast, Thorndike, Doran,
Paine & Lewis, Inc. , and M.D. Sass Investors Service, Inc. be re-
tained as Investment Counsel under the terms and conditions set
forth in the agreements which are attached hereto and incorporated
herein by reference; and
WHEREAS, the City Commission of the City of Miami Beach
has determined said recommendations are well-founded:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor be hereby authorized
to execute said Agreements for and in behalf of the City of Miami Beach,
and the appropriate financial officers of the City of Miami Beach be and
they are hereby authorized and directed to pay and disburse the sum
set forth in said Agreements.
PASSED and ADOPTED this 16th day of September , 1987 .
,olier
MAYP'
ATTEST
&,1-..„,e k_ 8(.4%1/
City Clerk
LEGAL FORM APPROVED
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DAT D: F- - d
ORIGINAL
RESOLUTION NO. 87-18985
(Authorizing execution of agreements with
the Investment Counsel Company of the
Southeast, Thorndike, Doran, Paine & Lewis
Inc. , and M.D. Sass Investors Service, Inc
for services as investment counsel for the
City of Miami Beach General Employees Re-
tirement System)