HomeMy WebLinkAbout105-05 •
RESOLUTION No. 10 5-0 5
A RESOLUTION OF THE CITY COUNCIL OF THE
TOWN OF LOS ALTOS HILLS
APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AN
AGREEMENT WITH PFM ASSET MANAGEMENT LLC
FOR INVESTMENT ADVISORY SERVICES
WHEREAS, the City Council of the Town of Los Altos Hills desires to diversify its
investment portfolio to include the Local Agency Investment Fund,Treasury securities,
United States government agencies and certificates of deposit; and
WHEREAS, the Town will require the assistance of an investment manager to pursue
this expanded investment strategy; and
WHEREAS, the City Council of the Town of Los Altos Hills has read and considered
that certain Agreement ("Agreement")between the Town and PFM Asset Management
LLC;
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby
RESOLVE as follows:
1. Public interest and convenience require the Town of Los Altos Hills to enter into
the Agreement described above and attached hereto.
2. The Town of Los Altos Hills hereby authorizes the City Manager on behalf of the
Town to execute the Agreement between the Town of Los Altos Hills and PFM
Asset Management LCC.
REGULARLY PASSED AND ADOPTED this 17th da of November, 2005.
BY:
Mayor
A , , :
r- -/---
lipCity Clerk