HomeMy WebLinkAboutM2019-142 - 08/27/2019 "1--1-7- City of Corpus Christi 1201 Leopard Street
Corpus Christi,TX 78401
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l ,t-- ., ;. August 27, 2019
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File Number: 19-1054 Enactment Number: M2019-142
Motion authorizing a two-year service agreement with Patterson Capital Management,
L.P., dba Patterson &Associates, for investment advisor services in an amount not to
exceed $60,000.00, with two additional two-year renewal options with escalation cost for
a potential total amount not to exceed $184,000.00, effective upon issuance of a notice to
proceed, with funding available in the General Fund.
At a meeting of the City Council on 8/27/2019, this Motion was passed.
Aye: 8 Mayor McComb, Council Member Barrera, Council Member Garza, Council
Member Guajardo, Council Member Hernandez, Council Member Hunter,
Council Member Roy, and Council Member Smith
Absent: 1 Council Member Molina
Abstained: 0
Jo-i omb, Mayor
Attest: f—liAlffri
Reb cca Huerta, City Secretary
City of Corpus Christi Page 1 Printed on 8/28/19
SCANNED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly
authorized representative), hereby certify to the City Council and other appropriate officers that
the money required for the current fiscal year's portion of the contract, agreement, obligation
or expenditure described below is in the Treasury to the credit of the Fund specified below, from
which it is to be drawn, and has not been appropriated for any other purpose. Future payments
are subject to annual appropriation by the City Council.
City Council Action Date: August 27, 2019 Legistar Number: 19-1054
Agenda Item:
Motion authorizing a two-year service agreement with Patterson Capital Management, L.P., dba
Patterson &Associates, for investment advisor services in an amount not to exceed $60,000.00,
with two additional two-year renewal options with escalation cost for a potential total amount not
to exceed $184,00.00, effective upon issuance of a notice to proceed, with funding available in
the General Fund.
Amount Required: $2,500
Fund Name Accounting Account Activity No. Amount
Unit No.
General Fund 1020-10830-184 530000 $2,500
Total $2,500
❑ Certification Not Required
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Director of Financial Services
Date: ( a-0 11