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40 <br /> REPORTS OF CITY MANAGER (continued) <br /> 3. Public Employees Retirement System (PERS) immul <br /> Investment Policies <br /> Report of City Manager 5/15/81 <br /> Report of Management Analyst 4/30/81 <br /> • City Manager Fales and Council commented on the <br /> efforts by Management Analyst Amy Margolis through <br /> meetings with other interested cities in the <br /> County, primarily Daly City, and with the PERS <br /> Board of Administration, to persuade the Board to <br /> review its investment policies. <br /> Ms. Margolis was commended for her excellent and <br /> thorough report. <br /> Title read. M/S: Stangel/Leipzig <br /> RESOLUTION NO. 8846 <br /> RESOLUTION REQUESTING BOARD OF DIRECTORS OF <br /> PUBLIC EMPLOYEES RETIREMENT SYSTEM TO <br /> INVESTIGATE ITS INVESTMENT POLICIES <br /> Adopted unanimously by roll call vote. <br /> 4. City/County Highway Program of 1981 <br /> Report of City Manager 5/15/81 <br /> Report of Director of Public Works 5/6/81 <br /> City Manager Fales noted that if we are to <br /> participate in this program, in order to be <br /> eligible it will be necessary to take action <br /> before June 1, 1981. In response to questions by <br /> Council he advised that funds not used by a city <br /> are redistributed among the others. <br /> Title read. M/S: Chandler/Rhodes <br /> RESOLUTION NO. 8847 <br /> RESOLUTION ACCEPTING THE REPORT OF THE COUNTY <br /> OF SAN MATEO RELATING TO THE CITY/COUNTY <br /> HIGHWAY PROGRAM OF 1981 AND SIGNIFYING DESIRE <br /> TO PARTICIPATE IN SAID PROGRAM <br /> Adopted unanimously by roll call vote. <br /> 5. Approval of plans and specifications, call <br /> for bids - park improvements <br /> Report of City Manager 5/14/81 <br /> Reports of Director of Parks and Recreation <br /> and Director of Public Works 5/4/81 <br /> Reg.Mtg. <br /> 5/18/81 <br /> Page3 <br />