HomeMy WebLinkAboutCC RESO 2016-186RESOLUTION NO. 2016 — 186
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT WITH
CHANDLER ASSET MANAGEMENT, INC., FOR INVESTMENT MANAGEMENT
AND INVESTMENT ADVISORY SERVICES FOR A THREE-YEAR TERM
WITH AN OPTION TO EXTEND FOR TWO ADDITIONAL ONE-YEAR TERMS
WHEREAS, the City desires to employ a consultant to provide investment
management and investment advisory services for a term of three -years; and
WHEREAS, the City has determined that Chandler Asset Management, Inc.,
("Chandler") is an investment advisor registered with the Securities and Exchange Commission
("SEC") under the Investment Advisers Act of 1940, and is qualified by experience and ability to
perform the services desired by the City; and
WHEREAS, Chandler is willing to perform such services for a period of three
years with an option to extend for two additional one-year terms.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the Mayor to execute an Agreement with Chandler Asset
Management, Inc., for investment management and investment advisory services for a three-
year term with an option to extend for two additional one-year terms. Said Agreement is on file
in the office of the City Clerk.
PASSED and ADOPTED this 15th day of November, 2016.
on Morrison, Mayor
ATTEST:
/1
Mich: -I R. Dalla, City ' Ierk
APPROVED AS TO FORM:
George H. iser, III
Interim City Attorney
Passed and adopted by the Council of the City of National City, California, on
November 15, 2016 by the following vote, to -wit:
Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY:
RON MORRISON
Mayor of the City of National . ity, California
4
City CI-rk of the City of N ;Tonal City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2016-186 of the City of National City, California, passed and
adopted by the Council of said City on November 15, 2016.
City Clerk of the City of National City, California
By:
Deputy