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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2025- <br />ADOPT A RESOLUTION APPROVING THE INVESTMENT POLICY STATEMENTS <br />FOR THE CITY OF SAN LEANDRO’S SECTION 115 PENSION AND OPEB TRUSTS <br />WHEREAS, the City maintains Section 115 trusts to assist in funding both <br />pension and OPEB obligations, and <br />WHERAS, Investment Guidelines for the Section 115 Trusts were approved in <br />2021; and <br />WHEREAS, the Plan Administrator, Highmark Capital Management was acquired <br />by FRM Asset Management; and <br />WHEREAS, PFM Asset Management has requested that the City Council review <br />and consider adoption of the new Investment Policy Statements; and <br />WHEREAS, adoption of the resolution will replace the Investment Guidelines <br />established in 2021, shown as Attachment B and D; and <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE <br />as follows: <br />Approval of the Investment Policy Statements for the City of San Leandro’s Section 115 <br />Pension and OPEB Trusts. <br />Introduced by Councilmember _______ and passed and adopted this 7th day of July <br />2025, by the following vote: <br />AYES: <br />NOES: <br />ABSENT: <br /> DRAFT