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HomeMy WebLinkAboutItem #38 - Discussion Itemf IIifg of ttini, �lurirltt 8300 Fon American Drive F. 0. Box 708 MIAMI, FLORIDA 33133 OFFICE OF THE CITY r'A'.I.GER JUN 2 4.1976 Mr. Robert Thompson Vice President Southeast First National Bank 100 South Biscayne Blvd. Miami, Florida 33131 Dear Mr. ThonVson: This letter is to advise you that: OP June 17, 1976 the City Commission deferred action on the City of Miami Retirement System Board's request to no longer engage the services of the Southeast First National Bank as custodian for the trustees. The City Commission deferred action on this item to give Southeast First National. Bank an opportunity to appear before the Commission to discuss this item. The item has been scheduled for the July 1, 1976 Commission meting should you wish to be present and partake in the discussion. 6 lej. P. W. l nc3rews City Manager cc: Retirement System Board tits( OF MIAMI, FLORIDA INTEROFFICE MEMORANDUM TO IHO 7 P. W. Andrews City/Manager I resin Mat in, Secretary Miami City Employees' Retirement System DATE. SUE1;F.C1 May 3, 1976 Re: Custodial of Portfolio REF EREt:cES ENCLOSURES FILE The Board of Trustees or the Miami City Employees' Retirement System has engaged Bankers Trust Company to provide custodial services for their security portfolio. Proposals were received from six banks, including the present custodian, SollLhenst i:a.i i on't1 i?a.'k of I'i ami . The bids were based on the investment transactions of the third quarter of 1975. The cost saving to the City of 'i a.m:i and the Board of Trustees will be approx:imatel::'1)1 ,000 annually. 1 1 tit ;.'i':. ' a r. !'ii'>� f -1 r!ti ; Ch. 215 t r','i-l. 1. . ,..i r, . .-.t.. •'}U;e of n,:h . .1:...tt• .'r....'t_ _ ... .n it•",, or it . t.. y,f t- ti r.)• i••;ir r t.' 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