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Regular City Council Meeting Monday,November 13, 2017 Page 3 Mayor Roe opined that it made sense to keep it in the scope, duties and functions of the commission; and didn't see it as being problematic as part of Item G, since that item was primarily focused on the portfolio and policy. Mayor Roe opined that he saw Item G as a catch all for other items of concern or suggested im- provements that may come up from time to time. Since the City Council direction to the commission was around the investment policy and portfolio, Councilmember McGehee questioned why not state it as such. Councilmember Laliberte noted that the City Council had previously discussed the language of the ordinance at some length; and asked if subsequent to that last joint meeting discussion, the commission had pushed back for more specificity. Commissioner Zeller responded that the financial affairs language had not been specifically discussed by the commission; and that they had only sought to clean up minor language issues. At the request of Councilmember Laliberte, Commis- sioner Zeller advised that the commission was comfortable with the language proposed in these revisions. Councilmember Etten asked if the commission wanted to separate out review of the investment policy and portfolio from the more open-ended review of the city's financial affairs in order to bring any items of concern or improvement to the City Council's attention, or if they were two separate items or all focused on the in- vestment policy and portfolio. Councilmember Laliberte noted that it was discussed at the last joint meeting; and stated that she had no problem with the language as presented. Mayor Roe suggested if at some point in the future this language appeared to cre- ate any issues, it could be changed at that time. Mayor Roe noted a technical correction in Item G to revise "concerns" to "con- cern." Without objection, Mayor Roe noted that the council directed the commission and staff to bring back this recommendation for action at a future City Council meet- ing. Recommendation on the 2018 Property Tax Levy Finance Director Miller reviewed this recommendation as outlined in the RCA (page 2, lines 59— 83) and with Attachment A.