09/27/2005 Resolutions 2005-277
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RES 0 L UTI 0 N 2005-277
WHEREAS, the City has investments with Smith Hayes Financial Services in Omaha,
Nebraska, which serve as reserves for pre-1984 police and fire employees who participate in a
defined benefit retirement plan; and
WHEREAS, the management of the investments has been done by Rod Cerny or
Kirkpatrick Pettis Investment Management; and
WHEREAS, Kirkpatrick Pettis Investment Management was recently merged with
Davidson Investment advisors; and
WHEREAS, Mr. Cerny left Kirkpatrick Pettis Investment Management to take a
similar position with McCarthy Group Advisors; and
WHEREAS, due to Mr. Cerny's knowledge, expertise, and success in managing the
City's investments, it is recommended that Mr. Cerny continue to be retained by the City for such
services.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Rod Cerny of McCarthy Group Advisors is
hereby retained as investment manager to manage the investments for the pre-1984 police and fire
employees who participate in a defined benefit retirement plan.
BE IT FURTHER RESOLVED, that a contract with McCarthy Group Advisors be
entered into for such investment advisory services, and the Mayor is hereby authorized and directed
to execute such contract on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, September 27,2005.
RJ)no ~QlA~
RaNae Edwards, City Clerk
Approved as to Form tt fJ!? f1.,)
September 22, 2005 tt City Attorney