HomeMy WebLinkAboutCC RESO 2023-74RESOLUTION NO. 2023 - 74
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 ADVISORY
SERVICES
WHEREAS, on February 14, 2023, the City of National City issued a Request for
Proposal (G52223-1) to provide investment management and advisory services on behalf of
the City; and
WHEREAS, the Review Committee determined that Chandler Asset Management,
Inc. submitted the successful proposal; and
WHEREAS, Chandler Asset Management, Inc, will provide the City of National City
with investment management and advisory services for a three-year period from July 1, 2023
to June 30, 2026 with the option to extend the agreement for two additional one-year periods
ending June 30, 2028.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS
FOLLOWS:
Section 1: That the City Council hereby authorizes the authorizes the Mayor to
execute the agreement for a three-year period from July 1, 2023 to June 30, 2026 with the
option to extend the agreement for two additional one-year periods ending June 30, 2028.
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 20th day of June, 2023.
ATTEST:
frheIleY Ch Orel, MMC City Clerk
APPROVED AS TO FORM:
41-"‘"
Barry J.Sc Itz, City Attorney
Passed and adopted by the City Council of the City of National City, California, on
June 20, 2023 by the following vote, to -wit:
Ayes: Bush, Rodriguez, Yamane, Molina, Morrison
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
Shelleyh el
City Clerk of the City of National City, California
BY: q14,
(4A,Shelley Chap -I MMC, City Clerk