HomeMy WebLinkAboutRES 13-104 RESOLUTION NO.13-104
WHEREAS, on April 28, 2009, City Council approved Resolution No. 09-115
authorizing a contract with Valley View Consulting, L.L.C., for professional services to
direct and coordinate all programs of investing as may be considered and authorized by
the City for an annual fee of .04% (4 basis points) of the average quarterly fund balance
for all funds designated as Investable Funds; and,
WHEREAS, on March 8, 2011, City Council approved Resolution No. 11-087
authorizing the option for a two-year extension of the contract with Valley View Consulting,
L.L.C., for an annual fee of.04%(4 basis points)of the average quarterly fund balance for
all funds designated as Investable Funds; and,
WHEREAS, the City would like to exercise an option for a two-year extension of the
contract with Valley View Consulting, L.L.C., for an annual fee of .04% (4 basis points)of
the average quarter end book value;
NOW, THEREFORE, BE IT RESOLVED
BY THE CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby, in
all things, approved and adopted; and,
THAT the City Manager be, and he is hereby, authorized to extend a contract with
Valley View Consulting, L.L.C., for professional services to direct and coordinate all
programs of investing as may be considered and authorized by the City for an annual fee
of .04% (4 basis points) of the average quarter end book value.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 14th day of May,
2013. J`AN
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