HomeMy WebLinkAboutCC RESO 2014-160RESOLUTION NO. 2014 — 160
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO EXECUTE THE SECOND AMENDMENT
TO THE AGREEMENT BETWEEN THE CITY OF NATIONAL CITY
AND CHANDLER ASSET MANAGEMENT, INC., EXTENDING THE AGREEMENT FOR
INVESTMENT MANAGEMENT AND ADVISORY SERVICES TO NOVEMBER 15, 2015
WHEREAS, on November 15, 2011, the City Council adopted Resolution No.
2011-244, entering into a two year Agreement with Chandler Asset Management, Inc., for
investment management and advisory services to the City; and
WHEREAS, on March 18, 2014, the City Council adopted Resolution No. 2014-
36, approving the First Amendment to the Agreement to reinstate and extend the Agreement to
November 15, 2014; and
WHEREAS, the City desires to reinstate and extend the Agreement, which
expired on November 14, 2014, for an additional year to November 15, 2015.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby reinstates the Agreement and authorizes the Mayor to execute a Second
Amendment to the Agreement with Chandler Asset Management, Inc., to extend the term of the
Agreement for one additional year, expiring on November 15, 2015. The Second Amendment is
on file in the office of the City Clerk.
PASSED and ADOPTED this 18th day of November, 2014.
on Morrison, Mayor
ATTEST:
Michael R. Dalla, it y Clerk
PPROVED A 0 FORM:
udia Gacit
City Attor ey
Passed and adopted by the Council of the City of National City, California, on
November 18, 2014 by the following vote, to -wit:
Ayes: Councilmembers Cano, Morrison, Natividad, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
Cit Clerk of the City National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2014-160 of the City of National City, California, passed and
adopted by the Council of said City on November 18, 2014.
City Clerk of the City of National City, California
By:
Deputy