[Kzyxtalk] County pension fund should diversity investments

[sako4 at comcast.net]

Hi Norman, 

I'm going to need your support on this. You've got street cred. Getting MCERA to allocate even 1-2% of its portfolio to a community wealth fund will be an uphill battle. 

Among our county leaders, you get it. We're at end-stage capitalism. The days of "earning" consistent double-digit returns based on extracting non-renewable natural resources, and based on exploiting labor, are gone. 

I think Dan Hamberg and John McCowen both support the idea of a community wealth fund. 

Can the BOS set the idea of a community wealth fund as its own agenda item, with the action being for the BOS to recommend to the Retirement Board that the Retirement Board research the idea with its investment adviser, Callan Associates? 

-- John 


----- Original Message -----

From: "Norman de Vall" <ndevall at mcn.org> 
To: "kzyxtalk" <kzyxtalk at lists.mcn.org> 
Sent: Friday, February 19, 2016 7:55:38 AM 
Subject: Re: [Kzyxtalk] County pension fund should diversity investments 

John, 
We also need an educated, articulated worker base 
made up of those who want to work at a job. 
Most of our growth today is in one or a few people 
Entrepreneurship's. We don't have many who want 
to join the "rank and file". 

>From my following of local businesses the weakest 
component is the lack of adequate management. 
(the county being a good example)Component 

I tried to get the BoS to purchase the Masonite acreage 
from International Paper and found zero interest. 

I tried to get the Retirement Board decades ago to 
purchase potential vineyard acres; again no interest. 

During my term properties were offered to the County 
for sheriff deputy housing but again no interest. 

I've tried to get the Board to initiate "Clean Slate II" 
in an effort to get non-code, non-permit structures 
to become legal (as we did in the 1980s) and 
again no interest. And decades of property tax have 
been lost in the interim. 

I represent a company trying to initiate a $4.5m 
Improvement project. The county paper process 
to bring the property into compliance with the 
General Plan designation has taken a 1.5 years 
and should have been done when the Board approved 
the new General Plan. The "Re-Zoning" application 
cost $3,000. In the meantime the County has lost 
at least $45,000 in lost property taxes. 

We are being smothered with our semi-retired 
mentality. 

Where are the graduates of "Leadership Mendocino"? 

Norman 




_______________________________________________ 
Kzyxtalk mailing list 
Kzyxtalk at lists.mcn.org 
http://lists.mcn.org/mailman/listinfo/kzyxtalk 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.mcn.org/pipermail/kzyxtalk/attachments/20160219/9f6b07af/attachment.html