DATE: September 29, 2020
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Adopt a Resolution Authorizing the City Manager to Execute a Professional Services Agreement Extension for Investment Portfolio Management Services with PFM Asset Management LLC in an Amount Not-to-Exceed $95,000 Per Year
RECOMMENDATION
That Council adopts a resolution (Attachment II) authorizing the City Manager to execute a contract amendment with PFM Asset Management LLC for investment portfolio management services in an annual amount not to exceed $95,000 per year, for a period through June 30, 2021.
SUMMARY
This action will contract services from PFM Asset Management LLC to provide professional investment portfolio management services based on the RFP completed in FY 2012 and will engage PFM for the said services for the entirety of FY 2021.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution