Investment Strategies Discussed at Water Reclamation Board Meeting

Metropolitan Water Reclamation District (MWRD) Board Meeting - August 31, 2017
Board Discussion:

An RFP was advertised on April 5, 2017 for updating the investment policy and asset selection, allocation, and evaluation strategies.  Also portfolio analysis and other support services.  Investment Consultant services to cover a period beginning September 1, 2017 – August 31, 2022 in an amount not to exceed $275,000.  The committee recommends that a service agreement be awarded to Marquette Associates, Inc. Deferred to afternoon session.

Board Decision:
The board approved authority to advertise a contract for a Covered Composting System at the Calumet Water Reclamation Plant, estimated cost $22,453,250 to $27,180,250.  The covered composting system will help to eliminate odors generated by open composting.

Observers: Pat Graunke, Nancy Mitzen                                            Meeting Length   90 minutes