File #: 24-476    Version: 1 Name:
Type: CRA Resolution - Consent Status: Consent Agenda Ready
File created: 7/2/2024 In control: Community Redevelopment Agency
On agenda: 7/16/2024 Final action:
Title: A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA) APPROVING AND AUTHORIZING THE PROPER OFFICIALS TO EXECUTE AN INVESTMENT ADVISORY SERVICES AGREEMENT BETWEEN THE CRA AND INSIGHT NORTH AMERICA LLC; PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES. (Fiscal Impact: Approximately $10,160 Annually)
Attachments: 1. Resolution, 2. Agreement_Insight North America
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A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA) APPROVING AND AUTHORIZING THE PROPER OFFICIALS TO EXECUTE AN INVESTMENT ADVISORY SERVICES AGREEMENT BETWEEN THE CRA AND INSIGHT NORTH AMERICA LLC; PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES.

(Fiscal Impact: Approximately $10,160 Annually)

 

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(Staff Contact: Allison Feurtado)

 

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Summary Explanation/Background:

Insight North America has been providing investment advisory services to the City of Pompano Beach and Pompano Beach CRA for the past five (5) years.

This contract maintains the current services provided by Insight North for a one (1) year term.  The Finance Department plans to issue a Request For Proposal for an investment advisory service firm in 2025. 

 

Origin of request for this action: Staff

Fiscal impact and source of funding: $1,760 from 160.1920.539.31.60 Professional Services (East) and $8,400 from 150.1910.539.31-60 Professional Services (NW)

 

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