HomeMy WebLinkAbout033133 RES - 08/22/2023Resolution authorizing the final of two, two-year extensions to the
service agreement with Meeder Public Funds, Inc., of Austin, in an
amount not to exceed $64,000.00, to provide investment advisor
services effective September 4, 2023, with no funding required for FY
2023 and funding in future fiscal years from the General Fund, subject
to budget approval.
WHEREAS, these services are used for investment advisor services for the
Finance & Procurement Department; and
WHEREAS, Texas Government Code Chapter 2256, Section 2256.003(b),
provides that the governing body of an investing entity may contract with an investment
management firm registered under the Investment Advisers Act of 1940 (15 U.S.C.
Section 80b-1 et seq.) or with the State Securities Board to provide for the investment
and management of its public funds, or other funds, under its control. A contract made
under authority of the cited subsection may not be for a term longer than two years. A
renewal or extension of the contract must be made by the governing body of the investing
entity by order, ordinance, or resolution.
Be it resolved by the City Council of the City of Corpus Christi, Texas:
The City Manager, or his designee, is authorized to execute all documents necessary to
extend the service agreement with Meeder Public Funds, Inc., of Austin for a final two-
year period to provide investment advisor services in an amount not to exceed $64,000,
eff)::L've September 4, 2023, with no funding required for FY 2023 and funding in future
fiscal years provided from the General Fund, subject to budget approval.
PASSED AND APPROVED on the Dlr day of Aku( 2023:
Paulette Guajardo ,A
4
AL.v
U
Roland Barrera
Sylvia Campos
Gil Hernandez
Michael Hunter
Jim Klein
Mike Pusley
Everett Roy
Dan Suckley
033133
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SCANNED
ATTE
OF CORPUS CHRISTI
Rebecca Huerta Paulette Guajardo
City Secretary Mayor
033133
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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 22, 2023 Legistar Number: 23-1293
Agenda Item:
Resolution authorizing the final of two, two-year extensions to service agreement with
Meeder Public Funds, Inc., of Austin, in an amount not to exceed $64,000.00, to provide
investment advisor services effective September 4, 2023, with no funding required for FY
2023 and funding in future fiscal years from the General Fund, subject to budget approval.
Amount $0.00
Fund Name
Accounting Unit
AcNoount
Activity No.
Amount
General Fund
1020-59-10830
530000
N/A
$0
Total
$0.00
X Certification Not Required
Qac 64,(3 1---
.),,a v—Director of Financial Services
Date: ¶ H) ( ( a-3