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Monday, April 14, 2025 Finance and Investment Committee Minutes 1
SUMMARY MINUTES OF THE
FINANCE AND INVESTMENT COMMITTEE
REGULAR MEETING
Monday, April 14, 2025 – 4:30 p.m.
A regular meeting of the Finance and Investment Committee was held on Monday, April 14, 2025, at
City Hall, beginning in the City Manager’s Conference Room, but relocating to the Bray Community
Room. The meeting was called to order at 4:33 p.m. by Vice Mayor Kashef Qaadri.
1. CALL TO ORDER
PRESENT: Vice Mayor Kashef Qaadri and Councilmember Michael McCorriston
ABSENT: None
2. PUBLIC COMMENT
No public comments were received.
3. ACTION ITEMS
3.1 Approval of the February 10, 2025 Regular Finance and Investment
Committee Meeting Minutes
ACTION: By consensus, the Committee approved the minutes of the Regular Meeting of
February 10, 2025.
3.2 Future Meeting Schedule
The Committee discussed the proposed schedule.
ACTION: By consensus, the Committee approved the meeting schedule for the first
Tuesday of February, May, August, and November at 5:30 p.m.
4. REPORTS
4.1 Presentation on City of Dublin Investment Policy
The Committee received a presentation from Bill Dennehy, Co-Chief Investment Officer at
Chandler Asset Management Inc. (Chandler), on the principles of Environmental, Social,
and Governance (ESG) investing. Mr. Dennehy also provided an overview of the current
economic outlook and its impact on the City’s investment portfolio. At this time, Chandler
did not recommend any changes to the City’s investment policy.
Finance Director Jay Baksa commented on the Boycott, Divestment, and Sanctions (BDS)
movement, noting the difficulty of using BDS as a basis for managing the City’s investment
portfolio and citing the lack of a clear method to align policy with BDS-related findings.
COMMITTEE MEMBERS
Kashef Qaadri, Vice Mayor
Michael McCorriston, Councilmember
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Monday, April 14, 2025 Finance and Investment Committee Minutes 2
Councilmember McCorriston requested detailed ESG scoring information for Caterpillar.
Chandler responded that the level of detail requested is not available. Vice Mayor Qaadri
also asked for clarification on how ESG categories are defined and what they encompass.
The Committee received three public speaker slips from Armaan Rizvi, Musa Tariq, and
Naomi on this item.
Following discussion, the committee requested Staff to work with Chandler to obtain
more details and provide clearer definitions of ESG categories. Additionally, the
Committee requested that Staff draft an updated investment policy to include language
that prohibits investments that conflict with the community’s core values.
5. REQUEST FOR FUTURE MEETING AGENDA ITEMS
Other than the request made under item 4.1, there were no other requests made for
future agenda items.
6. ADJOURNMENT
The meeting adjourned at 5:42 p.m.
Minutes prepared by Christopher Rhoades, Financial Analyst.
____________________________________
Vice Mayor
ATTEST: ____________________________________
Finance Director
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