HomeMy WebLinkAboutCC RESO 2021-97RESOLUTION NO. 2021 - 97
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA AUTHORIZING THE MAYOR TO EXECUTE THE SECOND
AMENDMENT TO THE AGREEMENT BY AND BETWEEN THE CITY OF NATIONAL
CITY AND CHANDLER ASSET MANAGEMENT, INC. FOR INVESTMENT
MANAGEMENT AND INVESTMENT ADVISORY SERVICES
WHEREAS, on November 15, 2016, the City of National City (City) entered
into an Agreement with Chandler Asset Management, Inc. to perform investment
management and investment advisory services for a period of November 16, 2016
through November 15, 2019 with an option to extend for two additional one-year terms;
and
WHEREAS, the City executed a First Amendment to the 2016 Agreement
on January 21, 2020 extending the original agreement to November 15, 2020; and
WHEREAS, City staff requests City Council authorize the Mayor to execute
a Second Amendment execute to extend the Agreement for an additional one year term
ending November 21, 2021.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS
FOLLOWS:
Section 1: Authorizes the Mayor to execute into a Second Amendment execute
to extend the Agreement for an additional one year term ending November 21, 2021.
Section 2: The City Clerk shall certify to the passage and adoption of this
Resolution and enter it into the book of original Resolutions.
PASSED and ADOPTED this 3rd day of August, 2021
Alejandra Sotelo-ohs, Mayor
ATTEST: /1
Luz Molin City Clerk
APPROVED AS TO FORM:
Charles E. Bell Jr. vty Attorney
Passed and adopted by the City Council of the City of National City, California, on
August 3, 2021, by the following vote, to -wit:
Ayes: Sotelo-Solis, Rodriguez, Bush, Morrison, Rios.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS
BY:
Mayor of the City of National City, California
LUZ MOLINA
City Clerk of the City of National City, California
i1O1L
Shelley Chapel, M , Deputy City Clerk
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2021-97 of the City of National City, California, passed and adopted
by the City Council of said City on August 3, 2021.
' 1,
Luz Molina, g'ity Clerk