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The Danville Town Council is set to discuss a quarterly investment report from Chandler Asset Management as the main item of business on a light agenda at its regular meeting Tuesday.
The latest data through Sept. 30 shows Danville’s total investment return continuing to tick upward over the past quarter, following a downward trend that started with the onset of the COVID-19 pandemic in 2020 and peaked in Sept. 21 before beginning to recover.
The report also points to the overall economic outlook nationwide in order to explain and anticipate investment performance, with some positive factors in the past quarter including a stronger than expected job market and retail sales, despite a plunge in consumer confidence over the past quarter.
The Danville Town Council is set to meet at 5 p.m. on Tuesday (Oct. 17).
The agenda is available here.
In other business
* As a routine item on their consent agenda, councilmembers are set to consider approving proposed changes to language in the town’s investment policy.
* Councilmembers are set to present a proclamation to the Contra Costa County Sheriff’s Office recognizing Nov. 1 as Shelter-in-Place Education Day.
* The council is also scheduled to receive a presentation from officials with RecycleSmart and Republic Services.
