Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: David J. Canepa, President
Subject: Reappointment to the Board of Retirement of the San Mateo County Employees' Retirement Association (SamCERA)
RECOMMENDATION:
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Recommendation for the reappointment of Mark Battey (Sixth Member) to the Board of Retirement of SamCERA, for a third term ending June 30, 2024.
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BACKGROUND:
The Board of Retirement serves as fiduciary for the members of SamCERA and as a prudent administrator of the retirement fund. Four of the nine members of the Board of Retirement are appointed by the Board of Supervisors, each for terms of three years. The term for this appointment would end June 30, 2024.
DISCUSSION:
Mark Battey is the owner of Miramar Farms, Inc. and has served as the managing director of Miramar Capital LLC, which provides strategic planning and investment management consulting services, and is seeking reappointment for his third three-year term since he was appointed in 2015. His term is currently set to expire on June 30, 2021.
FISCAL IMPACT:
None