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HomeMy WebLinkAbout2025-10-16; Investment Review Board; 01; Vice Chair SelectionMeeting Date: Oct. 16, 2025 To: Investment Review Board From: Christian Peacox, City Treasurer Staff Contact: Katie Schroeder, Senior Accountant katie.schroeder@carlsbadca.gov, 442-339-5246 Subject: Vice Chair Selection District: All Recommended Action Accept nominations from the floor and adopt a resolution appointing a Vice Chair for the Investment Review Board for a term ending September 2026. Executive Summary Section 10.0 of the Investment Policy designates the City Treasurer as Chair of the Investment Review Board. The Chair presides over all the board meetings. The Vice Chair serves in the place and stead of the Chair in the Chair’s absence. Fiscal Analysis This action has no fiscal impact. Environmental Evaluation The proposed action is not a “project” as defined by California Environmental Quality Act Section 21065 and CEQA Guidelines Section 15378(b)(5) and does not require environmental review under CEQA Guidelines Section 15060(c)(3) and 15061(b)(3) because the proposed action of selection of an Investment Review Board Vice Chair is an organizational or administrative government activity that does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. Any subsequent action or direction stemming from the proposed action may require preparation of an environmental document in accordance with CEQA or the CEQA Guidelines. Exhibits 1.Investment Review Board resolution appointing a Vice Chair INVESTMENT REVIEW BOARD Oct. 16, 2025 Item #1 Page 1 of 2 Exhibit 1