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liquidity and generate market returns. All such recommendations shall be approved by the City Council. The City Manager shall execute any approved investment decisions. (e) Parks and Recreation Committee. (i) The membership of this Committee shall consist of a minimum of five (5) members and a maximum of ten (10) members, including whenever feasible,residents who are parents of young children. (ii) The charges to and duties of this Committee shall be: a. to serve as an advisory body to the Council on matters related to year round recreational programs and activities, including, but not limited to, recreational programs and activities to serve children and adults; and b. to develop new recreational programs and activities and study all recreational facilities available within the Town and make recommendations regarding their status, consistent with the General Plan. (f) Pathways Committee. (i) The membership of this Committee shall consist of a minimum of five (5) members and a maximum of eleven(11)members. (ii) The charges to and duties of this Committee shall be: a. to work for the preservation and enhancement of the pathways within the Town for the use and enjoyment of all residents; b. to review and recommend changes to the Master Path Plan and the Bicycle Plan of the Town; c. to make recommendations at subdivision, site development, Planning Commission and City Council meetings regarding pathway easements; d. to meet regularly with the City Manager or the Manager's designee to render advice on pathway activities, priorities, and necessary maintenance; e. to communicate to residents the concepts and locations of paths and trails within the Town as approved by the City Council; f. to study and recommend ordinances and resolutions relating to Resolution 65-15 Page 8