HomeMy WebLinkAboutCC RESO 2015-1661
RESOLUTION NO. 2015 — 166
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO EXECUTE THE THIRD AMENDMENT
TO THE AGREEMENT BETWEEN THE CITY OF NATIONAL CITY AND
CHANDLER ASSET MANAGEMENT, INC., REINSTATING AND
EXTENDING THE AGREEMENT FOR INVESTMENT MANAGEMENT
AND ADVISORY SERVICES TO NOVEMBER 15, 2016
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 the
provision of 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 the Agreement and extend the
term to November 15, 2014; and
WHEREAS, on November 18, 2014, the City Council adopted Resolution No.
2014-160, approving the Second Amendment to the Agreement to reinstate the Agreement and
extend the term to November 15, 2015; and
WHEREAS, the City and Chandler Asset Management, Inc., desire to reinstate
the Agreement and extend the term for one additional year to November 15, 2016.
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 Third
Amendment to the Agreement with Chandler Asset Management, Inc., to extend the term of the
Agreement for one additional year, expiring on November 15, 2016. The Third Amendment is
on file in the office of the City Clerk.
PASSED and ADOPTED this 17th day of Novemb 015.
on Morrison, Mayor
ATTEST:
Michael R. Dalla, City Clerk
PROVED A TO FORMr
ClaGdia Gacitua Silva
City Attorney
Passed and adopted by the Council of the City of National City, California, on
November 17, 2015 by the following vote, to -wit:
Ayes: Councilmembers Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: Councilmember Cano.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
N
CI rk of the City f
City National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2015-166 of the City of National City, California, passed and
adopted by the Council of said City on November 17, 2015.
City Clerk of the City of National City, California
By:
Deputy