Memorandum
Date: March 16, 2021
To: The Honorable Bruno Sabatier, Chair, Lake County Board of Supervisors
From: Bruno Sabatier, Chair and District 2 Supervisor
Jessica Pyska, District 5 Supervisor
Subject: Consideration of Update from Treasurer- Tax Collector on Tax Sale, Investment Advisor Request for Proposals and Investment Policy
Executive Summary: (include fiscal and staffing impact narrative):
As our Board’s Treasurer-Tax Collector ad hoc committee, we are requesting Barbara Ringen provide an update, during our 03/16/21 agenda, on the Tax Sale, the status of the Investment Advisor Request for Proposals and development/update of the Investment Policy.
If not budgeted, fill in the blanks below only:
Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ________ Future Annual Cost: ________
Consistency with Vision 2028 and/or Fiscal Crisis Management Plan (check all that apply): ☐ Not applicable
☐ Well-being of Residents ☐ Public Safety ☐ Infrastructure ☐ Technology Upgrades
☒ Economic Development ☐ Disaster Recovery ☐ County Workforce ☒ Revenue Generation
☐ Community Collaboration ☒ Business Process Efficiency ☐ Clear Lake ☐ Cost Savings
If request for exemption from competitive bid in accordance with County Code Chapter 2 Sec. 2-38, fill in blanks below:
Which exemption is being requested?
How long has Agreement been in place?
When was purchase last rebid?
Reason for request to waive bid?
Recommended Action: Report only.