HomeMy WebLinkAboutResolutionRESOLUTION NO. 2014 —
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO EXECUTE THE FIRST AMENDMENT
TO THE AGREEMENT BETWEEN THE CITY OF NATIONAL CITY
AND CHANDLER ASSET MANAGEMENT, INC., FOR
INVESTMENT MANAGEMENT AND ADVISORY SERVICES
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
investment management and advisory services to the City; and
WHEREAS, the City desires to reinstate and extend the Agreement, which
expired on November 14, 2013, for an additional year to November 15, 2014.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the Mayor to execute a First Amendment to the Agreement with
Chandler Asset Management, Inc., to extend the term of the Agreement for one additional year,
expiring on November 15, 2014. Said First Amendment is on file in the office of the City Clerk.
PASSED and ADOPTED this 18th day of March, 2014.
Ron Morrison, Mayor
ATTEST:
Mike Dalla, City Clerk
APPROVED AS TO FORM:
Claudia Gacitua Silva
City Attorney