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File #: 18-0734    Version: 1 Name: Sixth Amendment to PFM PSA - 008687
Type: CC- Consent - Resolution Status: Agenda Ready
File created: 9/6/2018 In control: City Council
On agenda: 9/25/2018 Final action: 9/25/2018
Title: RESOLUTION - SIXTH AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT WITH PFM ASSET MANAGEMENT, LLC FOR INVESTMENT ADVISORY SERVICES RECOMMENDATION: It is recommended by the Finance Department that the Council, by resolution: 1) waive the competitive selection procedures in Council Policy 600-01 as in the best interests of the City; and 2) approve the Sixth Amendment to Professional Services Agreement Number 008687 for investment advisory services with PFM Asset Management, LLC, to extend the term for one additional year from October 8, 2018 to October 9, 2019, and increase compensation by $235,000 for a total amount not to exceed $2,040,000.
Sponsors: Finance
Indexes: Not a Project
Attachments: 1. Staff Report, 2. Resolution, 3. Exhibit A, 4. Presentation