IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO
RESOLUTION NO. 2025-XXX
RESOLUTION TO APPROVE AND AUTHORIZE THE CITY MANAGER TO EXECUTE A CONSULTING
SERVICES AGREEMENT WITH PFM ASSET MANAGEMENT (PFM ASSET MANAGEMENT) FOR INVESTMENT PORTFOLIO MANAGEMENT SERVICES FOR AN AMOUNT NOT TO EXCEED $110,000
ANNUALLY FOR THREE YEARS WITH TWO ONE-YEAR RENEWAL OPTIONS WHEREAS, the City of San Leandro desires to enter into an agreement with a qualified and experienced investment management services firm to invest surplus cash (less debt and some bond proceeds); and
WHEREAS, the City conducted an RFP in April 2025 and three qualified firms responded; and
WHEREAS, PFM Asset Management was selected based on experience and qualifications to best meet the City’s goals and objectives; and
WHEREAS, the City Council is familiar with the contents thereof; and WHEREAS, the City Manager recommends approval of said agreement.
NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows:
That sufficient funding exists in the Finance FY 2025-2026 & 2026-2027 operating budget; and That said agreement is approved and execution by the City Manager is hereby authorized; and That the City Manager is authorized to take all actions and execute all documents necessary to effect the purpose and intent of this Resolution.
Introduced by Councilmember _______________ and passed and adopted this 16th day of June 2025 by the following vote:
AYES: ()
NOES: ()
ABSENT: ()
ATTEST:
Kelly B. Clancy, CMC
City Clerk
DRAFT