Title
Consider Providing Direction to Review the Investment Policy, including Ensuring Socially Responsible Investments. (Councilmember Jensen)
Body
COUNCIL REFERRAL FORM
1) Take no action.
2) Refer the matter to staff to schedule as a future City Council agenda item. Concurrence that staff time will be devoted to the item does not signify approval.
3) Take dispositive action only on time sensitive legislative matters if sufficiently noticed such that the public and Council have been provided sufficient information by the published agenda, and no formal published notice of a public hearing is required.
Name of Councilmember requesting referral: Tracy Jensen
Date of submission to City Clerk (must be submitted before 5:00 p.m. on the Monday two weeks before the Council meeting requested): April 1, 2024
Council Meeting date: April 16, 2024
Brief description of the subject to be printed on the agenda, sufficient to inform the City Council and public of the nature of the referral: Direct staff to review the Alameda Investment Policy and provide suggestions for City Council action to amend Section III.E to establish clear and specific guidelines that will ensure socially responsible investments in keeping with the priorities of the Alameda Strategic Plan and the values of Alameda residents.
The City Council approved a Strategic Plan on November 21, 2023, which established the following 5 priorities:
A. Enhance Community Safety & Services
B. Build Resilience to Climate Change & Water Level Rise
C. Invest in Transportation, Infrastructure, Economic Opportunities & Historic Resources
D. House All Alamedans & End Homelessness
E. Practice Fiscal Responsible, Equitable & Inclusive Governance
If applicable, briefly describe which Council priority the subject falls under and how it relates:
Priority Area: Practice Fiscally Responsible, Equitable and Inclusive Governance
GOV1 Develop and implement a Municipal Fiscal Resilience Plan to help weather financia...
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