Laserfiche WebLink
REV: 07-22-2021 MI <br />Consultant will bill the City monthly in arrears based on the average amortized cost value, <br />accrued interest, and cash or money market fund balances of assets under management <br />for the month. The actual fees accrued each year pursuant to such monthly billing will <br />depend on the average amount of assets under Consultant’s management, provided, <br />however, that, the amount billed for each year (dated from the effective date of the <br />Agreement or its anniversary, as appropriate) shall be no less than $25,000 . No fee will <br />be charged for assets invested outside of Consultant’s management, including those in <br />LAIF and the County Pool. <br />The City will incur the cost of custody and safekeeping with a third-party custodial bank. <br />ATTY/AGR.2021.129/PFM Asset Management LLC (Investment Advisory Services) (Page 17 of 17)