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MINUTES <br />CITY COONC:IL <br />OCTOBER 13, 2004 <br />The Administrator pointed out that in looking at the data that he gathered, it <br />appears that Inver Grove Heights and St. Anthony did well oil their investments. <br />The Administrator suggested that Vitale gather more information ou type of <br />invesCments, etc. <br />Il was the consensus of those present that another workshop will be necessary <br />prior to the City's adoption of its 2005 Budget. Fahey suggested that the agenda <br />for that workshop include the issues of investment earning assumptions, future of <br />current financial advisor arrangement, review of current portfolio and 3"~ quarter <br />results. <br />There being no further business, the workshop was adjourned at 7:25 p.m. <br />Micha 11. Fahey, Mayor <br />Attest: y ~, ~~_. <br />Joel .Hanson, City Administrator <br />