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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />July 26, 2021 <br />MO. 21-133 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: July 26, 2021 <br />Attention: City Attorney <br />Assistant City Manager and Administrative Services Director <br />**hard copy available upon request** <br />SUBJECT: Agreement for professional investment management services with PFM Asset <br />Management, LLC <br />AGENDA CONSENT ITEM: 6.N. (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority Meeting on <br />July 26, 2021. <br />Present: Council Members Aguirre, Espinoza-Garnica, Gee, Hale, Reddy, Smith and Mayor <br />Howard. <br />M/S Hale and Aguirre to approve and authorize the City Manager to execute agreement between <br />PFM Asset Management, LLC and the City of Redwood City for independent, professional <br />investment management services for a period of three years for an amount not to exceed <br />$360,000, including City Manager authority to extend by two additional one-year periods, for a <br />total not to exceed contract amount of $630,000. <br />Motion passes 7-0 by roll cal te. <br />a"'i' <br />Pamela Aguilar, CMC <br />City Clerk <br />