Title
A resolution amending Resolution 92-12, the Bylaws and the Investment Policy of the Colorado Springs Health Foundation
Presenter:
BJ Scott, Chair, Colorado Springs Health Foundation Board of Trustees
Jon Medved, Secretary, Colorado Springs Health Foundation Board of Trustees
Body
Summary:
The proposed changes to Resolution 92-12 and the Bylaws authorize the Colorado Springs Health Foundation Board of Trustees to determine annual executive leader compensation increases up to and not to exceed five (5) percent.
The proposed changes to the Investment Policy reduce the equity asset allocation range from 65-80% to 50-85% and correct three typographical errors related to the public charity classification, the lease purchase agreement amount, and the trailing average fair market value, respectively.
Previous Council Action:
City Council previously approved Resolution 92-12, the Bylaws and the Investment Policy of the Colorado Springs Health Foundation
Background:
Changes to all three of these governing documents require City Council approval.
Financial Implications:
N/A
Board/Commission Recommendation:
Recommended by the Colorado Springs Health Foundation Board of Trustees.
Stakeholder Process:
N/A
Alternatives:
N/A
Recommended Action
Proposed Motion:
A motion to approve the attached proposed revisions to Resolution 92-12, the Bylaws, and the Investment Policy of the Colorado Springs Health Foundation.
Summary of Ordinance Language
N/A