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t <br /> mnrorz <br /> ~~±u~ ~ [3ill nlesc~~cr <br /> ~ COUNCIL, <br /> ~~k , <br /> ;m Poole MonLOnr <br /> ,r.~' John Kcis <br /> fj/ ~ /n iy y~a~~. Michfli•I McU~dw <br /> <br /> ll// o((//~y IJGGiL GGGGGG Shelly noss <br /> 5l5 Little Canada Road, Little Canada. MN 55117-1600 AllMWISTI2ATO12 <br /> (f 51) 766-4029 / hAX: (651) 76G-404~t3 Joel R. t-Ianson <br /> W W W.Cl. rlttrC'-CBIladR.llln. us <br /> Mr.MORANDUM <br /> TO: Mayor Blesener and Members of the City Council <br /> rROM: Kathy Glanzer, City Clerlc <br /> DAT>J: rebruary 19, 2010 <br /> I2C: ICMA Investment Advisory Services <br /> The City offers employees a variety of investment options through ICMA-RC, i.e. 457 Deferred <br /> Compensation Plan, Post Employment I-Iealth Savings Plan, IRA's, etc. ICMA offers an <br /> investment advisory service called "Guided Pathways" which now includes a "Managed <br /> Accounts Service", a comprehensive asset nxanagemcrxt service. In order to offer the Managed <br /> Accounts Service Yo City employees, the City must enter into a Managed Accounts Services <br /> Agreement with ICMA. <br /> 1mployees would participate in the ManagemenC Account Service on a voluntary basis, and the <br /> cost of this service is borne by the employee. There is no cost to the City. <br /> It is staff's recanmendation that the City enter into the agreement making this service available <br /> to City employees if they so choose. <br /> 1 <br /> <br />