City Council

12. ESTABLISHMENT OF SEPARATE INVESTMENT ADVISORY AND\nAUDIT COMMITTEES\nRecommendations:\n(1) Adopt the Resolution titled “A RESOLUTION OF THE CITY COUNCIL\nOF THE CITY OF LAGUNA BEACH, CALIFORNIA, ESTABLISHING AN\nINVESTMENT ADVISORY COMMITTEE,” establishing a three-member\nInvestment Advisory Committee;\n(2) Adopt the Resolution titled “A RESOLUTION OF THE CITY COUNCIL\nOF THE CITY OF LAGUNA BEACH, CALIFORNIA, ESTABLISHING AN\nAUDIT COMMITTEE AND REPEALING RESOLUTION NO. 22.074”\nestablishing a two-member Audit Committee; and\n(3) Appoint Councilmembers Kempf and Whalen to the Audit Committee,\nwith future appointments to occur during the City Council’s annual review of\nCouncil appointments in December.