Attachment A
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MARIA, CALIFORNIA,
APPROVING AN AMENDMENT TO AGREEMENT
WITH PFM ASSET MANAGEMENT LLC
FOR INVESTMENT MANAGEMENT SERVICES
WHEREAS, the City of Santa Maria requires ongoing investment management services; and
WHEREAS, the City of Santa Maria requests that PFM Asset Management LLC continues to perform investment management services in compliance with State law and the City’s Investment Policy; and
WHEREAS, PFM Asset Manage ment LLC is performing the “Prudent Expert Standard” of responsibility.
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Santa Maria, California, as follows:
SECTION 1. Approve an amended agreement with PFM Asset Management LLC for Investment Management Services;
SECTION 2. Authorize agreement to take effect retroactively June 19, 2025;
SECTION 3. Authorize City Manager or designee to enter into extensions and modifications consistent with the terms of the agreement; and
SECTION 4. The Chief Deputy City Clerk is hereby authorized to make m inor changes herein to address clerical errors, so long as substantial conformance of the intent of this document is maintained. In doing so, the Chief Deputy City Clerk shall consult with the City Manager and City Attorney concerning any changes deemed necessary.
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Attachment A
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Santa Maria, California, held this 5th day of August 2025.
ATTEST:
Chief Deputy City Clerk
Mayor
APPROVED AS TO FORM:
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City Attorney
APPROVED AS TO CONTENT:
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Department Director
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City Manager