HomeMy WebLinkAboutCC RESO 2022-120RESOLUTION NO. 2022 —120
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA AUTHORIZING THE MAYOR TO EXECUTE 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 November 16, 2016 through November 15, 2019
with an option to extend for two additional one-year terms; and
WHEREAS, the City exercised its two one-year options to extend the agreement
through November 15, 2021; and
WHEREAS, the November 15, 2016.agreement with Chandler Asset Management
expired as of November 16, 2021; and
WHEREAS, the short-term agreement with Chandler Asset Management, Inc.. for the
period of November 16, 2021 through June 30, 2023 will enable staff to conduct a Request
for Proposal process during fiscal year 2022-2023 to identify an investment services vendor
for a future long-term agreement.
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 the agreement, which will end on June
30, 2023.
Section 2: That 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 2nd day of Au
Ale'andra S•telo-Solis, Mayor
ATTEST:
Lo
Luz Molina, Ci(t\yerk
n
APPROVED AS TO FORM:
Crewil
Barry J. c ultz, Interim City Attorney
Passed and adopted by the City Council of the City of National City, California, on
August 2, 2022 by the following vote, to -wit:
Ayes: Sotelo-Solis, Bush, Morrison, Rios, Rodriguez
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA NDR. SOTBL -S LIS
BY:
Mayor of the City of National City, California
Luz IVIalina
i y .Ierk f t he City of National City, California
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City City Cle
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