Jackson County Missouri - File #: 16685

• File #: 16685
• Version: 0
• Name: Hotchkiss & Wiley & Enhanced Investment Technologies
• Type: Resolution
• Status: withdrawn
• File created: 8/4/2008
• In control: Finance and Audit Committee
• On agenda: 8/4/2008
• Final action: 9/22/2008
• Title: A RESOLUTION authorizing the Chief Administrative Officer to execute extensions to the contracts with Hotchkiss and Wiley Capital Management, LLC of Los Angeles, CA, and Enhanced Investment Technologies, LLC of Palm Beach Garden, FL.
• Sponsors: Scott Burnett
• Indexes: CHIEF ADMINISTRATIVE OFFICER, WITHDRAWN

Date	Ver.	Action By	Action	Result
9/22/2008	0	Finance and Audit Committee
9/22/2008	0	County Legislature	withdrawn
9/19/2008	0	County Legislature	Go To 7th Meeting	Pass
9/15/2008	0	Finance and Audit Committee
9/12/2008	0	County Legislature	Go To 6th Meeting	Pass
9/8/2008	0	Finance and Audit Committee
9/5/2008	0	County Legislature	Go To 5th Meeting	Pass
8/29/2008	0	County Legislature	Go To 4th Meeting	Pass
8/25/2008	0	Finance and Audit Committee
8/22/2008	0	County Legislature	Go To 3rd Meeting	Pass
8/18/2008	0	Finance and Audit Committee
8/15/2008	0	County Legislature	Go To 2nd Meeting	Pass
8/11/2008	0	Finance and Audit Committee
8/5/2008	0	County Legislature	Go To 1st Meeting	Pass
8/4/2008	0	County Legislature	assign to committee

Corrected

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
WITHDRAWN 9/22/2008


Title
A RESOLUTION authorizing the Chief Administrative Officer to execute extensions to the contracts with Hotchkiss and Wiley Capital Management, LLC of Los Angeles, CA, and Enhanced Investment Technologies, LLC of Palm Beach Garden, FL.


Intro
RESOLUTION #16685 August 4, 2008

INTRODUCED BY Scott Burnett, County Legislator


Body
WHEREAS, by Resolution 16294, dated May 14, 2007, the Legislature did authorize contracts with the following vendors to provide investment management services in connection with the Jackson County Employees' Pension Plan, all for the period ending December 31, 2007:
Vendor Services Cost

Hotchkiss and Wiley Investment Management varying percentage
Capital Management, of asset
LLC value/month
Los Angeles, CA (avg. $43,000/quarter)

Enhanced Investment Management varying percentage
Investment Technologies, of asset
LLC value/quarter
Palm Beach Gardens, FL (avg. $31,000/quarter)

and,

WHEREAS, by Resolutions 16494, dated January 7, 2008, and 16607, dated April 7, 2008, the Legislature did authorize extensions of those contracts for additional periods ending July 31, 2008; and,
WHEREAS, since the initial award of these contracts, the County Executive has appointed his Pension and Retirement Review Task Force, to examine the County Employees' Pension Plan and make recommendations to the Legislature for improvements based on current best practices in the public sector; and,

WHEREAS, the Task Force has conducted series of meetings and is in the process of finalizing its report and recommendations to the Legislature; and,

WHEREAS, the Administration now recommends that these contracts be extended for an additional period through December 31, 2008, in order for the Legislature to have time to evaluate and act upon the Task Force's anticipate...