ITEM:
Title
Watts Endowment Resolution
Body
DATE OF BOCC MEETING: April 27, 2015
REQUEST FOR BOARD ACTION:
Agenda Text
The Board is requested to approve a resolution to terminate the SunTrust Agreement with Watts Endowment and transfer funds to Duke University Management Company (DUMAC). This transfer will save approximately $25,000 per year in fees.
ALIGNMENT WITH STRATEGIC PLAN:
RESOURCE PERSONS: Jonathan Hoy, Chief Financial Officer, DRH
COUNTY MANAGER'S RECOMMENDATION: The County Manager recommends that the Board approve a resolution to terminate the SunTrust Agreement with Watts Endowment and transfer funds to Duke University Management Company (DUMAC).
Signature
County Manager: ____________________________