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RES41625

A resolution awarding a contract to Government Portfolio Advisors, in the amount of $2,500,000, budgeted from various departmental funds, for investment advisory services and non-discretionary management of the citywide investment portfolio, for an initial contract term of six years, with the option to renew for two additional two-year periods, for a projected contract total of $4,000,000, plus applicable taxes - Specification No. FI24-0205F. [Michael San Soucie, City Treasurer; Andy Cherullo, Director, Finance]

Resolution Adopted Introduced February 13, 2025

What this record is

Amount
$2.50M
Runs until
February 13, 2031 4 years away date calculated from a contract term stated in the record, not quoted directly
Type
award
Field
Professional services

professional services contracts in WA that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee
City Council
Requested by
Purchasing
Introduced
February 13, 2025
On agenda
February 25, 2025
Passed
February 25, 2025

Where it was heard

City Council Feb 25, 2025 adopted Pass

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