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• <br /> RESOLUTION No. 10 5-0 5 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE <br /> TOWN OF LOS ALTOS HILLS <br /> APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AN <br /> AGREEMENT WITH PFM ASSET MANAGEMENT LLC <br /> FOR INVESTMENT ADVISORY SERVICES <br /> WHEREAS, the City Council of the Town of Los Altos Hills desires to diversify its <br /> investment portfolio to include the Local Agency Investment Fund,Treasury securities, <br /> United States government agencies and certificates of deposit; and <br /> WHEREAS, the Town will require the assistance of an investment manager to pursue <br /> this expanded investment strategy; and <br /> WHEREAS, the City Council of the Town of Los Altos Hills has read and considered <br /> that certain Agreement ("Agreement")between the Town and PFM Asset Management <br /> LLC; <br /> NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby <br /> RESOLVE as follows: <br /> 1. Public interest and convenience require the Town of Los Altos Hills to enter into <br /> the Agreement described above and attached hereto. <br /> 2. The Town of Los Altos Hills hereby authorizes the City Manager on behalf of the <br /> Town to execute the Agreement between the Town of Los Altos Hills and PFM <br /> Asset Management LCC. <br /> REGULARLY PASSED AND ADOPTED this 17th da of November, 2005. <br /> BY: <br /> Mayor <br /> A , , : <br /> r- -/--- <br /> lipCity Clerk <br />