Investment Advisory Committee

Purpose

Per the City’s Investment Policy, the City is required to have an Investment Advisory Committee (IAC) charged with the responsibility to offer advice with respect to the City’s investments and the investment portfolio strategy. 

Committee Members

The Committee consists of two (2) City Councilmember’s (the members that hold the position on the Budget and Finance Committee), and up to seven (7) voting members. Committee Members themselves will elect the Chair and Vice-Chair of the IAC. Non-council committee members shall serve at the pleasure of the City Council, and may be removed at anytime by action of the City Council.

Member Title
Term Start
Term End
Email
William Underwood Chair 01/22/2019 01/31/2021 wunderwood@villapark.org
Dr. Lynne Doti
Vice Chair
01/23/2018 01/31/2020 ldoti@villapark.org
Harold Hewitt Member
01/22/2019 01/31/2021 hhewitt@villapark.org
Joe McCarthy Member 01/23/2018 01/31/2020
jmccarthy@villapark.org
Brad Reese Member
01/23/2018 01/31/2020 breese@villapark.org
Vacant
Member
Vacant
Member


Crystal Miles 
City Council Representative 01/22/2019 12/31/2019 cmiles@villapark.org

City Treasurer: John Bogart

Staff Representative: Finance Director, Frank Davies

Length of Term

City Council Committee members shall be appointed or removed by a majority vote of the City Council annually, based on the Mayor’s recommendation, which will be provided no less than 72 hours in advance of the meeting as part of the staff report. The voting members shall be appointed by the City Council for a term of two years on a staggered basis. 

Meetings

 Meetings no more than six times a year, unless otherwise noted.