HomeMy WebLinkAbout078-94 RESOLUTION NO. 78-94
APPROVING A CONTRACT WITH CHANDLER LIQUID ASSET
MANAGEMENT TO PROVIDE PROFESSIONAL INVESTMENT
MANAGEMENT SERVICES TO THE TOWN
WHEREAS, the Town of Danville annually manages and invests funds reserved for all aspects
of Town operation including, but not limited to, General Fund revenues, special revenue,
assessment district funds and reserve accounts, LLAD, CIP, Community Development funds,
civic facilities and others; and
WHEREAS, the Town wishes to engage the services of a professional investment manager to
assist the Town in meeting investment objectives which will maximize the safety of invested
funds while maximizing liquidity and yield; and
WHEREAS, the firm of Chandler Liquid Asset Management is well qualified to provide the
investment management services required based upon successfully providing such service to
numerous other public and private sector clients throughout California; and
WHEREAS, the firm of Chandler Liquid Asset Management has been interviewed by Town
staff and the Town Council Finance Committee and possess suitable qualifications to provide
such professional assistance; now, therefore, be it
RESOLVED, by the Town Council of the Town of Danville that the Town Manager is
hereby authorized to execute a contract with Chandler Liquid Asset Management in the form
on file with the City Clerk, together with such changes as may hereinafter become necessary,
provided such changes do not materially increase the obligations of the Town thereunder.
APPROVED by the Town Council of the Town of Danville at a Regular Meeting held on
Tuesday, June 21, 1994, by the following vote:
AYES: Ritchey,
NOES: None
ABSTAINED: None
ABSENT: None
Greenberg, Doyle,
Shimansky, Waldo
OR
APPROVED AS TO FORM:
ATTEST:
CITY CLERK