Board meetings, strategic plans, and buyer signals from Patrick Chung’s organization
Dec 2, 2025·StrategicPlan
Board
City Of San José Updated Plan 2025-2030
This document presents the 2025 update to the Climate Smart San José plan, serving as a semi-annual status report. The updated plan incorporates new policies and refines core strategies, which include promoting zero-emission vehicles, reducing vehicle miles traveled, advancing building electrification, and achieving carbon-neutral power. The primary strategic objective is carbon neutrality by 2030, with additional goals for 2040 and 2050, while also emphasizing equity initiatives.
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The committee meeting involved several key agenda items. The Investment Performance Evaluation Report and Watch List for the period ending June 30, 2025, were reviewed and accepted. Furthermore, the committee reviewed and accepted the International Value Asset Class Fund Search Results and Recommendations, directing staff to replace the Vanguard International Value Fund with the Hartford Fund. An annual review of the Stable Value Fund was conducted. Staff provided updates regarding the distribution of $200K funds, progress on CIT Fund changes, and a successful campaign to increase deferrals. The committee was also informed that the Stable Value Fund Renewal Rate increased to 2.81% for the quarter beginning September 1, 2025. Financials for FY 2024-2025 and a revenue reimbursement report were presented. The session concluded with annual fiduciary training and an update on regulatory/legislative items and economic forecasts.
Sep 15, 2025·BoardMeeting
Board
Veba Advisory Committee Regular Meeting
The meeting included announcements and an acceptance of the minutes from the June 16, 2025 session. Informational items featured a staff update introducing a new Human Resources Staff Specialist, a verbal update on the VEBA Plans Revenue Reimbursement Report for July 2024 to June 2025, and a review of the VEBA Plan Summary for the same period. Key discussion and action items focused on accepting the Fourth Quarter Financials for FY 2024-25, reviewing the Performance Report and Watch List for April 1, 2025, to June 30, 2025, and accepting recommendations following the International Value Asset Class Fund Search. Furthermore, the committee accepted recommendations to reduce the Administrative Fee from 28% to 24% and return $100,000 to participants, alongside a review and updates to the Investment Policy.
May 28, 2025·StrategicPlan
Board
City Of San Jose Work Plan 2024-2030
This document presents the Fiscal Year 2024-2025 - 2029-2030 Work Plan for the City of San Jose's Rule 20A and Rule 20B (In-Lieu Fee) Underground Utility Program. The plan outlines activities and projects aimed at converting overhead utility lines to underground facilities. It details the processes for programming funds, assigning project priorities, and executing the design and construction of conversion projects, encompassing both PG&E-managed Rule 20A initiatives and City-managed Rule 20B projects funded by in-lieu developer fees.
Extracted from official board minutes, strategic plans, and video transcripts.
