HomeMy WebLinkAbout2012-07-26-TPT-minTOWN OF LEXINGTON
TRUSTEES OF PUBLIC TRUSTS
Minutes of Meeting of July 26, 2012
The meeting was held at 12 :00 pm at Lexx 1666 Massachusetts Avenue #102 Lexington,
MA 02420. Present were Alan Fields, David Williams and Susan McClements.
Minutes from the Trustees May 17, 2012 meeting were unanimously approved with one
minor change to the wording about the project for Antony Park.
David Williams reported on his ongoing conversations with various town officials about
how the Trustees could best support Lexington's 300 Anniversary Celebrations.
Alan Fields reviewed the June 30, 2012 year -end results from State Street Global
Advisors. The Trustees were satisfied with the year -end results for the funds, most of
which were close to meeting benchmarks. Asset allocation in the funds continues to
follow a conservative approach. Alan will write an investment note to send along with
the year end results to various constituents including Jeanne Krieger from the Cary
Library Foundation and Norman Cohen from the Cary Library Board, as well as the
Trustees Investment Committee members and candidates.
The Trustees unanimously approved the terms of the Angela/Jere Frick Conservation
Fund as detailed in a letter dated June 24, 2012 from Kelly Frick Richards and Ford C.
Frick II to the Trustees. The fund was established with g $10,000 donatiot a terms
the fund will be forwarded to the Board of Selectmen for approval and acceptance.
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The meeting adjourned at 1 pm.
Respectfully submitted,
Susan K. McClements