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A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA) APPROVING AND AUTHORIZING THE PROPER OFFICIALS TO EXECUTE A SERVICE CONTRACT BETWEEN THE CRA AND PFM ASSET MANAGEMENT TO PROVIDE INVESTMENT ADVISORY SERVICES; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: 3.5 bps of CRA Investment)
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(Staff Contact: Allison Feurtado/Kimberly Vazquez)
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Summary Explanation/Background:
A formal solicitation was issued on May 8, 2025 by the City for Investment Advisory Services by RFP25-045. A provision within the RFP provided for the successful vendor services to also be utilized by the CRA. The City Commission on November 13, 2025 approved a contract with PFM Asset Management to provide advisory and management services by Ordinance No. 2026-05.
Staff is recommending approval of a contract with PFM Asset Management LLC providing investment advisory services for the CRA under the same terms and conditions as the City contract.
Origin of request for this action: Staff
Fiscal impact and source of funding: Professional Services 150-1910-539.31-60/160-1920-539.31-60.
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