Director of the Delaware County Commerce Center at Delaware County
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The board discussed and approved a one-year extension to the agreement with RBC Wealth Management/Courtney Investment Consulting Group with fixed fees. Additionally, the board initiated plans to conduct a request for proposals and qualifications for a new investment manager, aiming to begin the process in the second quarter of 2026.
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The board meeting included a review of the Treasurer's report on the fund's valuation, an introduction of the Controller Elect, and an economic update provided by RBC Wealth Management, which covered market trends and portfolio performance. The board approved a motion to rebalance the county's investment policy. Additionally, the custodial bank provided an update on pensioner benefits and class action settlement receipts. The board discussed the potential for a cost-of-living adjustment (COLA) for pensioners, ultimately deciding against an increase. Discussion was also held regarding future advisory services and the need to schedule a special meeting to review a new service agreement for 2026. The meeting concluded with a report that there were no new litigation updates and a mention of upcoming work with a new actuary.
The meeting agenda includes the Director of Elections report, the certification of the primary election results, and the Solicitor's report. Significant action items involve the authorization to pursue and implement re-districting ordinances for Haverford Township and Upper Providence Township, alongside several precinct consolidations in Concord, Nether Providence, and Upper Darby Townships. Additionally, the board will discuss necessary preparations for the upcoming general election.
The board discussed an agenda amendment to move public comment to the beginning of the proceedings. The primary discussion involved public concerns regarding the Clayton Park Master Plan, where residents voiced opposition to proposed developments, including a driving range and cricket-related improvements, while advocating for the preservation of existing wooded and passive recreation areas.
Extracted from official board minutes, strategic plans, and video transcripts.
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